Critical Analysis of Third-Party Litigation Funding around the World and in India

This article critically analyses the concept of Third-Party Litigation Funding (TPLF) in the context of India, exploring its benefits, challenges, and potential implications for the legal system. As a mechanism where external entities provide financial support to litigants in exchange for a share of potential settlements, TPLF has gained global attention. The discussion delves into the necessity of TPLF in India, considering the high litigation rate and financial disparities that hinder access to justice. Drawing from international examples, it evaluates the existing regulatory framework in India, highlighting the gradual recognition of TPLF's significance by the government. The article concludes by emphasizing the need for a balanced regulatory approach that fosters access to justice while addressing ethical concerns.