Litigation financing has received huge traction as a funding regime not only to diminish liquidity concerns of small enterprises which are up against resource-abundant corporate behemoths; but also as a cost-effective resource of a risk markdown for stable enterprises
Legal financing is a very prevalent practice outside outside India. How do you see this panic up in India and what are the benefits a litigation financing actually play down for not just only the claimant of the litigation but also for the entire judiciary and infrastructure. To this, Navruz Vakil, Partner, Shardul Amarchand Mangaldas & Co, said, "In India also, it's badly needed in terms of what are the benefits coming out for lawyers, definitely levels the playing field and ensures that the cases are determined based on merits rather than on financial capabilities."
Joining Vakil in this insightful conversation were Rohit Goyal, Managing Partner, Windrose Capital; Eklavya Gupta, Founder, Recur Club and Sandipan Mitra, Co-Founder & CEO, Pice. The panel was moderated by Kashish Grover, Chief Investment Officer, LegalPay.