Could also be related to this:
https://www.lawyerly.com.au/first-overseas-funder-wins-licence-to-fund-class-actions-in-australia/
It’s behind a paywall, but one can still get the gist of it: more competition —> expectation of lower ROIC going forward.
UK-based Woodsford Litigation Funding is the firm quoted in the article as having been granted an AFSL over the past few days.
Ann: Brisbane Floods Class Action - Settlement Approval, page-5
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