Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 9.6 % over the past five years, to reach an estimated $199.3m in 2024.
Trends and Insights
Case selection and high wage costs influence funders’ performance
- Litigation funders are entrusted with the costs associated with a variety of cases. These include legal fees for solicitors and barristers, as well as other expenses like expert reports.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Rising awareness is poised to amplify litigation funding's role across legal fields
- The industry’s growth and outlook hinge on a complex mix of elements, mostly tied to legal vulnerabilities like class action lodgements, business bankruptcies and workplace accidents. The broader public's unfamiliarity with the industry's services has, until now, somewhat tempered these factors’ potential effect on the industry.
Biggest companies in the Litigation Funding in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Litigation Lending Services | 56.8 | |
Omni Bridgeway | 48.9 | |
Litigation Capital Management | 27.9 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Investor-related lawsuits, Consumer protection lawsuits and Industrial relations lawsuits. Investor-related lawsuits is the largest segment of the Litigation Funding in Australia.
Trends and Insights
Tough trading conditions have prompted investor-related lawsuits
- Investor-related lawsuits include cases relating to financial products and securities, like disclosure and insolvency claims brought against corporations.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Industry firms primarily fund litigation on commission, which is a portion of the settlement or judgment proceeds. The industry excludes lawyers and legal services companies.
What's included in this industry?
Investor-related lawsuitsConsumer protection lawsuitsIndustrial relations lawsuitsEnvironmental lawsuitsCompanies
Litigation Lending ServicesOmni BridgewayLitigation Capital ManagementPurchase this report to view all 3 major companies in this industry.
Related Terms
CLASS ACTIONLITIGATIONCHAMPERTYIndustry Code
ANZSIC 62 - Litigation Funding in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Litigation funders are expected to benefit from growing demand for legal services due to a higher number of overall cases. That’s why litigation funding revenue is anticipate...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Consumer protection lawsuits can involve class action claims on behalf of large groups of people. They’re relatively infrequent but generate strong windfalls for funders when...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Capital cities account for disproportionate shares of litigation funding offices. Funders in capital cities benefit from proximity to clients as well as the courts where matt...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
High barriers to entry compound the industry’s high level of concentration, as many entrants can encounter difficulty entering the industry. New litigation funders can strugg...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The pandemic caused significant fluctuations in litigation funding incomes for many companies. Delays for many cases amid in-person hearing restrictions caused many funders t...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Litigation Lending Services's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Omni Bridgeway's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Litigation Capital Management's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Litigation Lending Services, and factors influencing its performance in the industry
- Description and key data for Omni Bridgeway, and factors influencing its performance in the industry
- Description and key data for Litigation Capital Management, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Requirements for litigation funders to hold Australian financial services licenses (AFSLs) were short lived. Amendments were put in place in December 2022 exempting litigatio...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Settlements’ infrequency causes significant fluctuations in revenue for funders. As a result, litigation funders’ profit margins are also very volatile.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Litigation Funding industry in Australia in 2024?
The market size of the Litigation Funding industry in Australia is $199.3m in 2024.
How many businesses are there in the Litigation Funding in Australia industry in 2024?
There are 33 businesses in the Litigation Funding industry in Australia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Litigation Funding industry in Australia grown or declined over the past 5 years?
The market size of the Litigation Funding industry in Australia has been growing at a CAGR of 9.6 % between 2019 and 2024.
What is the forecast growth of the Litigation Funding industry in Australia over the next 5 years?
Over the next five years, the Litigation Funding industry in Australia is expected to grow.
What are the biggest companies in the Litigation Funding market in Australia?
The biggest companies operating in the Litigation Funding market in Australia are Litigation Lending Services, Omni Bridgeway and Litigation Capital Management
What does the Litigation Funding in Australia include?
Investor-related lawsuits and Consumer protection lawsuits are part of the Litigation Funding industry.
Which companies have the highest market share in the Litigation Funding in Australia?
The company holding the most market share in Australia is Litigation Lending Services.
How competitive is the Litigation Funding industry in Australia?
The level of competition is moderate and increasing in the Litigation Funding industry in Australia.
Related Industries
Widen your competitive advantage with related industries
Competitors
Complementors
View all industries in Australia
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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