![]() Another source estimated the TPLF industry to be a $5 billion market in the U.S. lawsuits is unknown, one recent article conservatively estimated this figure around $2.3 billion. As mentioned in the author’s prior report, while pinning an exact dollar amount invested yearly by third parties in U.S. To start, the evidence suggests that third-party litigation funding will continue to increase in the new year. Use of third-party funding continues to expand In this new article, the author combines certain information from these prior releases with some interesting new information to outline three key TPLF issues to watch in 2022 as follows: (1) continued TPLF growth (2) regulatory trends and (3) TPLF disclosure efforts, including the Litigation Funding Transparency Act currently pending in Congress. This report was then followed up by an article which focused solely on recent TPLF disclosure developments. This prior report examined multiple TPLF issues including, TPLF background and origins, arguments for and against TPLF practices, issues regarding TPLF discovery, ethical questions, and TPLF’s claims impact in relation to the larger concept of social inflation. This rapidly expanding practice will continue to impact insurers, attorneys, and claims on several fronts in the new year.Īs many may recall, last Fall the author released a detailed report entitled Follow the New Money Trail: The Rise of Third-Party Litigation Funding. ![]() ![]() Third-party litigation funding (“TPLF” or “third-party funding)” is an issue that certainly warrants monitoring in 2022. ISO Electronic Numerical Listings of Classification Codes. ![]()
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