This year's Global Litigation 50 report focuses on a subject that has never been more topical - the inexorable rise of technology across all stages of the litigation process. Providing clients with a service that is as fast as possible, of the highest quality, rigorous and yet still cost-effective is of paramount importance to the world's top law firms.
As Mishcon's chief strategy officer Nick West says, litigation funders are increasingly demanding costs and outcomes predictability on cases so they can weigh up the odds of backing them. If litigation funders know the amount at stake, plus how much it would cost to win if the case goes to trial, that would tell them how much they could achieve.
"It's just a maths equation to figure out the size of the pot," says West, underlining the link between the recent rise of technology and litigation funding. "It's one of the factors driving changes in technology, definitely."
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