"We do feel very optimistic about the market," said Perla. The survey additionally found that over half of respondents said their company has abandoned meritorious claims due to cost, and 70% said they have claims worth at least $20 million for which they could potentially use finance.
"Now that one of the world's largest funders is publicly listed in the US, we expect a significant increase in awareness of the space, along with even greater transparency for investors and funding recipients," said Jay Greenberg, CEO and cofounder of litigation funder, LexShares. Corporations' in-house legal departments can become revenue generators rather than cost centers through third-party funding
"A legal department can actually generate revenue for the business, which is a complete 180, because it traditionally has just been a cost center," Goyle explained. "The notion that the legal department can actually go out and be a revenue generator is quite innovative. I do think there's an increasing appetite from corporates for funding."
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