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.