MLchartDataset catalogue

Alternative litigation financing (ALF)

Term · Insurance and risk management · MLC-T-INS-000398

The practice of third-party investors providing funds to plaintiffs or law firms to cover litigation expenses in exchange for a share of any eventual settlement or award. This financing mechanism allows claimants without sufficient resources to pursue legal action. ALF is becoming more prevalent in complex commercial disputes and mass tort cases.

Table 1. Record
IdentifierMLC-T-INS-000398
FieldInsurance and risk management
AbbreviationALF
Record as JSON 
{
  "id": "MLC-T-INS-000398",
  "term": "Alternative litigation financing (ALF)",
  "field": "Insurance and risk management",
  "definition": "The practice of third-party investors providing funds to plaintiffs or law firms to cover litigation expenses in exchange for a share of any eventual settlement or award. This financing mechanism allows claimants without sufficient resources to pursue legal action. ALF is becoming more prevalent in complex commercial disputes and mass tort cases.",
  "abbreviation": "ALF",
  "url": "https://mlchart.com/terminology/insurance/alternative-litigation-financing-alf/"
}

Record 133 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.