The “wide range of cases they are involved in” shows how litigation funders are constantly looking for new investment opportunities, writes the Financial Times.
In 2016, the Financial Times reports that the 20 biggest UK litigation funding firms invested £723 million in active cases. This is just a “fraction” of what these firms can really spend.
With the extra cash on hand, funders have looked for new ways to pour money into the legal system, including backing massive class action lawsuits. Burford Capital, for example, invested £40 million in a £14 billion class action against Mastercard, which would have been the biggest suit in UK history. That case was rejected by a UK tribunal.