The History of Litigation Finance in Canada
In 2015, Omni Bridgeway opened the first litigation finance office in Canada’s history. Omni’s overarching goal was to offer access to Canada’s justice system. Since then, demand for investment in the Canadian litigation finance industry has continued to grow exponentially. Sophisticated, bespoke solutions are being developed in Canada to support marketplace innovation. Omni Bridgeway’s new insights <https://omnibridgeway.com/insights/blog/blog-posts/blog-details/global/2022/03/02/identifying-the-opportunities-and-challenges-for-funding-in-canada> into the Canadian ligation finance industry suggest that ‘funding is not a monolith.’ All metrics point to the market supporting a cornucopia of different products and services to fit a variety of client needs in the space. Canada’s litigation finance space was born by funding large meritorious cases that afforded access to the risky enterprise of litigation. Litigation finance investment now serves as a risk mitigation tool in Canada. A basket of litigation claims can serve as a cross-collateralization facility. Anchoring a portfolio of cases can produce multiple returns for future firm and investor success stories. AmLaw 100 firms are starting to embrace pooling portfolios for even grander return expectations over the long term. Similarly, the evolution of Canada’s litigation finance space is begging the question of what other financial products are needed to meet opportunities for revenue generation.
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Gunnar Larson