Litigation finance is a $3 billion industry in the United States, and is growing extraordinarily fast. The actual number is much larger but is based on public figures provided by many of the larger funders in the industry. Investors looking to enter the space should do their own research to fully understand the health of the industry.
The industry still has a lot of untapped potential. As technology brings down the costs of origination and diligence, funders are able to deploy capital into yet untouched areas of the industry which are currently too expensive and not worth the investment to understand. Legalist is pioneering a new form of litigation finance primarily based in analytics and artificial intelligence. Already, in the year since its launch, many incumbent companies have refocused their efforts around artificial intelligence inspired technologies, so as to better position themselves for untapping these untapped areas of opportunity.