You are here

The third degree

It may be early days for the third-party funding industry, but it has already generated plenty of hype and provoked extensive debate. Jon Robins questions those on the frontline about its potential to improve the system

22 November 2010

In the brave and still relatively new world of litigation funding these are uncertain and fast-moving times. Last week the Ministry of Justice backed Lord Justice Jackson’s plans for a radical reshaping of civil justice. While the Jackson review could well lead to a seismic shift in our litigation landscape, the message delivered to the infant third-party funding industry was largely positive. “I remain of the view that, in principle, third-party funding is beneficial and should be supported,” declared Jackson LJ.

The endorsement struck a slightly ambivalent note in the context of the wider package of recommendations. How would a third-party litigation funding industry co-exist with a revamped model of ‘no win, no fee’? Ministers are presently consulting on abolishing recovery of success fees and after-the-event insurance, as well as introducing a ten per cent increase in general damages. They are also looking at lifting the general ban on contingency fees.

...

Want to read on?

This article is part of our subscription-based access. Please pick one of the options below to continue.

Already registered? Login to access premium content

SUBSCRIBE for one User

Unlimited access to the entire SJ website for a full year for one user.

  • 10 issues a year delivered to you
  • Digital edition of the magazine for one user – sent to your inbox or accessible through the website
  • Access to premium content on the website
  • Access to the fully searchable online archive of Solicitors Journal, Managing Partner and Private Client Adviser, which spans over 13 years
  • Weekly email newsletter with all the latest news, analysis and features
  • Comment on SJ content and contribute to the SJ community online
  • Advanced search feature
  • Online support
  • Access to SJ app compatible with Android and Apple devices – coming soon!
  • 6 special focuses per year
  • Special offers and discounts on Solicitors Journal and IICJ events

Subscribe

CORPORATE SUBSCRIPTION

Your department or entire firm can subscribe to Solicitors Journal online, providing easy access for all who require it. Discount corporate subscription rates apply, based on number of users.

The Corporate IP Licence includes:

  • Digital copy of the magazine sent to individuals’ inboxes and accessible through the website. Solicitors Journal publishes 10 issues per year
  • Unlimited access to premium content on the website based on IP addresses
  • Unlimited access to the fully searchable online archive of Solicitors Journal, Managing Partner and Private Client Adviser, which spans over 13 years
  • Weekly email newsletter with all the latest news, analysis and features
  • Comment on SJ content and contribute to the SJ community online (username required)
  • Unlimited access to SJ app compatible with Android and Apple devices
  • 6 special focuses per year
  • Special offers and discounts on Solicitors Journal and IICJ events

The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.

To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on emily.beechey@solicitorsjournal.com.