Mass tort litigation has become a booming industry, with billions of dollars at stake for plaintiffs, lawyers, and investors.
The litigation finance industry has taken notice, pouring money into these lawsuits attracted by the potential of high returns. In 2023, for example, litigation funders funneled nearly $17 billion into lawsuits like the Camp Lejuene and 3M earplug cases. These suits are driven by extensive digital advertising campaigns to identify potential claimants.
For the law firms bringing these cases, this can lead to massive paydays. Lawyers typically taking 20-40% if they’re successful, and that can amount to billions of dollars in high-profile cases.
Video features:
- Emily Siegel, Litigation Finance Reporter, Bloomberg Law
- Linda Mullenix, University of Texas School of Law
- Rustin Silverstein, X Ante
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