Liability Risk and Insurance
Litigation funding
Report highlights lack of transparency for US third-party litigation funding
Third-party litigation funding (TPLF) in the US operates with minimal transparency and often at the expense of the people
it claims to help, despite claims of increasing access to justice, according to the US Chamber of Commerce Institute for Legal
Reform (ILR). Its new paper, “Grim Realities: Debunking Myths in Third-Party Litigation Funding”, said that the lack of transparency
requirements for TPLF means that funders can often make agreements directly with lawyers while the courts and the opposing
parties are left unaware of a funder’s involvement in a case.