Get the justice your clients deserve with our legal fee funding.
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Virtus Litigation Finance plays an important role in the UK legal system by providing access to justice for those who may not have the financial means to pursue their legal claims. Without legal funding, many individuals and businesses would be unable to afford the high costs associated with litigation, and this could result in a situation where only the wealthy can pursue their legal claims. By providing financial support to those who need it, Virtus Finance helps to level the playing field and ensure that everyone has a fair chance to seek justice. This ultimately leads to a more equitable and just legal system, where the merits of a case are the main focus, rather than the financial resources of the parties involved. Legal funding therefore helps to promote fairness and equality, and is an essential component of a well-functioning legal system.
Legal funding in the UK
£799m
£1bn
The UK legal funding market was valued in 2020
UK legal funding expected market value by 2026
£5m
The average amount of funding provided by litigation funders in the UK
72%
of UK adults believe that everyone should have access to legal representation, regardless of their ability to pay for it.
"The United Kingdom has an outstanding legal system, one of the finest in the world."
William Hague
The litigation funding industry in the UK has experienced significant growth in recent years, and this trend is expected to continue in the coming years. According to a report by ResearchAndMarkets.com, the UK litigation funding market is expected to grow at a compound annual growth rate (CAGR) of around 8% between 2021 and 2026.
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This anticipated growth can be attributed to a number of factors, including increasing awareness and acceptance of litigation funding, the growing number of high-value claims, and the increasing demand for third-party funding in the wake of the COVID-19 pandemic.
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In addition, the UK legal market is becoming increasingly competitive, with law firms and other legal service providers looking for new ways to differentiate themselves and provide added value to their clients. This is leading to a greater focus on alternative fee arrangements, including third-party funding.