Additional authors: Young Kyoung (Claire) Kim

Third-Party litigation funding has become a multibillion-dollar industry. In 2021 alone, just under 50 funders managed over $12 billion in combined assets allocated to in the US. Now aware of the potentially lucrative gains long known to law firms, third-party litigation funders have been aiming at Am Law 200 and big law's share of the third-party litigation funding pie.