North American Market Statistics
North America litigation funding investment market revenue is set to cross USD 25.3 Billion by the end of 2037, up from a revenue of USD 7.8 billion which is estimated to be gathered in the year 2024.
The major element to encourage the growth of the market in this region is the growing number of lawyers. As per the estimations of BLS, as of May 2023, there were over 731,340 lawyers in the US. Hence, the enormous volume of lawsuits filed and the sturdy legal profession are additional variables driving the growth of the regional market.
Moreover, the US market for litigation funding investment is poised to have notable growth in the market on account of the rising investor portfolio finance tendencies and surging end-user demand for litigation funding investments.
Furthermore, the Canadian market is also estimated to observe growth in this region owing to the growing demand for contract litigation.
Author Credits: Parul Atri
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