New York, N.Y. (December 23, 2020) - In 2019,
the first detailed analysis of the commercial litigation finance
industry in the United States was released, showing a staggering
$2.3 billion industry growth measured in just one year. The
consumer-litigation portion of that industry deals primarily with
personal injury claims and small claims in which a plaintiff is
typically not well-funded. New York has become a hub for this
industry, which poses great challenges to defending personal injury
claims, as the use of such funding in lawsuits is far from
transparent to defendants and the courts.
As a result of this booming multibillion-dollar industry, Lewis
Brisbois' trial attorneys have been making regular demands for
litigation funding information from plaintiffs, including the
agreements themselves, applications filed by the plaintiff to the
funding company, and the amount of the liens. The litigation
funding amount taken by a plaintiff exponentially increases
