Litigation funding—also known as litigation financing or third-party litigation funding (TPLF)—provides a person or entity with the money to pay attorney fees, expert witnesses, and other costs necessary for litigation. Litigation funding is essentially a loan, secured by the proceeds of the expected settlement or collection of judgment in a lawsuit, and is designed to allow persons or entities without the necessary resources to pursue valid claims in litigation.

In Louisiana, litigation funding, also known as litigation financing or third-party litigation funding (TPLF), is a practice where a third party provides financial assistance to a litigant to cover legal expenses such as attorney fees and expert witness costs. This funding is typically non-recourse, meaning that the funder will only be repaid from the proceeds of a settlement or judgment if the litigation is successful. Louisiana does not have specific statutes directly regulating litigation funding for general civil litigation. However, the Louisiana State Bar Association's Rules of Professional Conduct may impose certain ethical obligations on attorneys who are involved in arrangements with litigation funders, such as maintaining client confidentiality and ensuring that the funding arrangement does not interfere with the attorney's independent judgment. Additionally, any litigation funding agreements must comply with general state laws on contracts and may be subject to consumer protection laws to prevent unfair or deceptive practices.