Litigation Funding: Law Firm Contingency Fees, and WIP & ATE Insurance

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I believe I've seen the PDF. I've read it.

Recently, this group has been revamped to be an international group. We're meeting next week. The group now includes four or five partners based in London, three of whom are international arbitrators from the International Arbitration Group. This group is a keen user of funding solutions. We also have partners from the US, the Middle East, and a partner in each of our mainland European offices. We meet once a month to discuss opportunities and products. I still attend conferences and talk to funders and brokers to keep my knowledge up to date. That's how we developed it. While 80% of the partners in the UK have no interest or reason to use funding, 20% of a large number is still significant.

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So, today, roughly 10 million of the 200 million is being funded, with half on contingency and half being funded. What is the potential here? Currently, 5% is being funded. Can this increase to 50% or even 10%, or has it already reached its maximum?

It won't reach 50% in this firm because that's not our business model. We aim to double that number, so we'd like to have approximately 5% of our annual revenue be completely contingent, and another 5% of our annual revenue being funded. There's no limit to our funding, we don't have an upper ceiling on what we would have funded because there's no risk to the firm if a funder is paying. So why wouldn't we?

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