Litigation funding (third-party funding)
A company that is not a party to the case pays the legal costs in exchange for a share of the money recovered. Funding is usually non-recourse: if the case is lost, you do not repay the funder.
Frequently asked questions
What is Litigation funding?
A company that is not a party to the case pays the legal costs in exchange for a share of the money recovered. Funding is usually non-recourse: if the case is lost, you do not repay the funder.
Where is the term used?
It is a general term, used in many countries.