Legal Dive: “Why In-House Counsel and Law Firms Are Warming Up to Litigation Funders”

Legal Dive mentioned Arcadia’s launch in its July 21, 2024 “Deep Dive” column on how the “dispute-financing industry is poised for growth as legal departments seek to evolve their reputation as pure cost centers.

The article notes that: litigation finance “provide[s] financial executives a way to help smooth cash flows and free capital for their core business. For in-house legal departments, the funds can bolster legal budgets and unlock value from an asset–a successful lawsuit–where collecting a judgment could be months or even years away.” Reporter Justin Bachman then highlight’s Arcadia’s June 2024 founding and its “plans to deploy $100 million on new cases” as part of their discussion of the litigation finance industry’s “renewed growth,” saying, “Despite the recent bumps, the industry is poised for further growth as litigation costs rise and new clients enter the market.”

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