Canada's litigation finance industry has grown sharply since 2020, driven by increased commercial litigation, active class action dockets in BC and Ontario, and rising demand for law firm working capital facilities.
Champerty and maintenance doctrines have been substantially relaxed in common-law provinces, with Ontario and BC providing the clearest regulatory frameworks for third-party funding agreements.
Quebec operates under the Civil Code and Code of Civil Procedure — requiring separate models and distinct due diligence. Criterica Capital maintains dedicated Quebec underwriting capacity with French-language capability.
Every capital decision at Criterica Capital is underwritten against outcomes, not collateral. Our models are trained on 106M+ real court records across US federal courts, state courts, and international jurisdictions.
We assess jurisdiction-level recovery rates, case-type outcome distributions, time-to-resolution curves, and attorney performance history before committing capital. No collateral. No credit check. Outcomes only.
