Litigation Funding
/ˌlɪtɪˈɡeɪʃən ˈfʌndɪŋ/
Definitions
- (n.) The provision of capital to a plaintiff or law firm to cover litigation costs in exchange for a portion of any financial recovery.
The company sought litigation funding to finance its costly legal battle against the multinational corporation.
Forms
- litigation funding
Related terms
See also
Commentary
Litigation funding is distinct from contingency fees as it involves a third party unrelated to the legal representation providing funds, often requiring careful contractual terms to address risks and ethical considerations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.