The March 2012 issue of Anwaltsblatt, a monthly journal issued by the German Bar Association (Deutscher Anwaltverein), reports some empirical findings on the use of litigation funding in Germany. In April/May 2011, the Soldan Institut surveyed a random sample of 1,200 lawyers in private practice. The same survey also covered success fee arrangements, on which I plan to post seperately. Continue reading
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Update: Third-Party Litigation Funding: Movements in the German Marketplace
In last week’s post on third-party litigation funding, I had been speculating about ERGO’s plans for its recently re-branded litigation funding business, Legial. Perhaps I was not the only one:
Today’s Handelsblatt – unfortunately only in the print version, page 36, not available online to non-subscribers – reports that ERGO has no plans to exit the business, as Allianz have done. Quite to the contrary: The paper quotes Legial’s Thomas Kohlmeier as saying that ERGO plans to triple the volume of litigation funding business over the next three years.
Third-Party Litigation Funding: Movements in the German Marketplace
In the United Kingdom, third-party litigation funding is currently getting some attention in the legal press: The industry has agreed on a Code of Conduct, which was published by the Civil Justice Council in late November 2011. US litigation funders appear to have an eye on the European market – using the word European in the European sense, i.e. including the UK. What does the German market for litigation funding look like? Continue reading