
Litigation Funding in Australia - Industry Market Research Report
Description
Litigation Funding in Australia - Industry Market Research Report
Litigation Funding in Australia
Litigation funding is still a comparatively new development in Australia. The abolishment of laws relating to champerty, an agreement by a third party to fund a lawsuit in return for a share of the plaintiff's proceeds, over the past roughly two decades has resulted in the creation of the Litigation Funding industry. As industry firms take a percentage of the settlement fee on the successful conclusion of the case, litigation funders are highly selective in the cases they fund. The irregular nature of settlement payments that litigation funders rely on causes significant fluctuations both revenue and profit for the industry. Rising awareness of the industry's services and strong demand from class action cases has seen the industry expand rapidly over the past five years Litigation funding revenue is expected to increase at an annualised 9.3% over the five years through 2022-23 to total $168.8 million.
Industry firms primarily fund litigation on commission, which is a portion of the settlement or judgment proceeds. The industry excludes lawyers and legal services companies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
72 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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