Litigation Risk Transfer and Law Firm Financial Arrangements.

The article discusses the developments in jurisdictions of Australia, Great Britain and the U.S where litigation financing has established a beachhead. Topics discussed include a niche position occupied by litigation funding in the subprime consumer lending market in the U.S, how professional conduct rules and regulation in jurisdictions of these countries hinder the development of markets in litigation risk, and transfer of litigation risk from both the claim holder and the claim respondent.