Financial Times FT.com

Banks queue up to fund divorce proceedings

By Nikki Tait, Law Courts Correspondent

Published: June 10 2006 03:00 | Last updated: June 10 2006 03:00

Private banks are lining up to provide divorcees with litigation funding in the hope that they will get to manage the assets from the settlement.

Two landmark rulings last month by the House of Lords, which improved significantly the payout prospects for "home-based" spouses - typically wives - in big-money divorce cases, have spurred new interestin divorce as a business opportunity.

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