According to a new report from RationalStat, the global litigation funding investment market, which is estimated at $15.8 billion in 2022, is expected to witness a growth rate of about nine percent between 2023 and 2028.

The Global Litigation Funding Investment Market Analysis and Forecast, 2019-2028, assesses the global market based on type, enterprise size, end user, and region. This provides detailed historical and future market size, along with extensive market trend analysis.

The report by RationalStat notes that the global expansion of the legal services sector is positively influencing the growth of the litigation funding investment market. The growth of the legal services sector, along with the increasing number of complex legal cases being filed, are the main factors that are driving the demand for litigation funding.

Additionally, as the cost of litigating a case continues to go up, many parties are trying to find cost-effective financing options to support their legal endeavors. This provides the required thrust for market growth.

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Another major factor for the growth of the litigation funding investment market in recent years has been the growing demand for alternative funding options available. With traditional sources of funding, like banks and venture capital firms, being increasingly difficult to secure, many businesses and individuals are choosing litigation funding as a means of financing their lawsuits.

Fred Hubler, CEO and Chief Wealth Strategist at Creative Capital Wealth Management Group in Chester Springs, likes what he sees.

“I’ve known there is a hunger for investors to do more than just stocks and bonds,” he said. “As you see websites and investment platforms pop up with ideas like litigation funding, it further proves my point. As you look into how the wealthy actually make their money, few do it solely in the stock and bond market.”

Furthermore, the market is expanding due to the claimants’ increasing demand for litigation finance. This demand is driven both by a surge in legal fees and the desire to use litigation investment as a way of generating money.

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