Litigation funding is increasingly being used to finance the costs of high net worth divorces, a private wealth law firm has claimed.
Boodle Hatfield said the funding is used by the lower-income partner to cover the costs of securing a high-value divorce settlement, as well as living expenses.
It is particularly useful in cases where the higher-income partner tries to drag out the divorce process, with the aim of causing the lower-income partner to run out of money for legal...