Book contents
- Third Party Funding
- Third Party Funding
- Copyright page
- Dedication
- Contents
- Acknowledgements
- Abbreviations
- 1 Introduction
- Part I A Comparative Overview
- Part II An Economic Analysis
- 4 The Emergence of the Litigation Market and TPF
- 5 An Economic Analysis of TPF
- 6 Social Impact of TPF
- Part III Contractual, Regulatory and Policy Considerations
- Bibliography
- Index
6 - Social Impact of TPF
from Part II - An Economic Analysis
Published online by Cambridge University Press: 16 September 2019
- Third Party Funding
- Third Party Funding
- Copyright page
- Dedication
- Contents
- Acknowledgements
- Abbreviations
- 1 Introduction
- Part I A Comparative Overview
- Part II An Economic Analysis
- 4 The Emergence of the Litigation Market and TPF
- 5 An Economic Analysis of TPF
- 6 Social Impact of TPF
- Part III Contractual, Regulatory and Policy Considerations
- Bibliography
- Index
Summary
This chapter discusses the potential social impact of TPF, from the point of view of claimants, defendants, legal systems and society. In doing so, it reports and discusses the main arguments in favor or against a wider use of TPF. These are, inter alia, access to justice and deterrence of wrongs on the one hand, and the increase of frivolous litigation and of the disputes’ volume on the other. This chapter will also lay the basis to discuss the regulatory aspects related to TPF in the following chapter, necessary to improve its social desirability.
- Type
- Chapter
- Information
- Third Party FundingLaw, Economics and Policy, pp. 227 - 250Publisher: Cambridge University PressPrint publication year: 2019