The UK Civil Justice Council (CJC) takes a step towards litigation funding reform with its report and consultation
Natasha Doris of CDR Magazine interviewed our CEO, Steven Friel on the recent litigation funding report.
A move to reform the litigation funding sector is being put into motion with the UK Civil Justice Council (CJC) publishing its interim report on litigation funding on 31 October 2024. Subsequently, the CJC has launched a consultation on the sector with comments welcomed for review until 31 January, 2025.
While the consultation aims to inspect the efficacy of the sector, industry experts reiterate the role of third party funding in providing access to justice. Steven states, “Litigation funding is a London success story. From a standing start of about 15 years ago, a multibillion-pound industry has grown, employing hundreds of talented professionals, and exporting UK financial and professional services to multiple jurisdictions around the world. All while promoting access to justice and holding power to account.” He further adds, “Any regulatory, policy or legislative changes that fail to fully support that tremendous success would be ill-advised.”
The final report is due to be published by summer 2025 after the consultation will be submitted to the Lord Chancellor.
You can read the article here.
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