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Litigation funding can be the perfect solution to cashflow squeezes

By Nick Rowles-Davies, Managing Director, Burford Capital  

15 June 2014

The increased discussion over litigation finance is hardly surprising. The concerns over the Jackson Reforms and their implementation, coupled with a recession in which law firms had their cashflow dented, means that litigators are having to innovate to survive and to gain work from their competitors.

Even traditional institutional clients are looking for ways to reduce their legal fees with costs capping, fixed fees and the use of contingency fee arrangements, whether by conditional fee arrangements (CFAs) or even damages-based agreements (DBAs). The world has changed and only
those who adapt will survive and
pick up the work.

Some lawyers have been slow to change and to embrace a scheme that could...

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