Litigation Financing ‘needs crackdown’

Published: The Times | Dated 15^th December 2011

The Times reports on how the most powerful companies in America are calling British Ministers to crack down on new litigation funding schemes that they say will breed a costly compensation culture like the one in the States.

With recent lobbying stateside, the top brass from the American chamber’s institute, which represents Fortune 500 companies , has been in London pressing the UK’s Justice Minister Janathan Djanogly and Kenneth Clarke, the Lord Chancellor to ‘reject moves to liberalise funding arrangements as they will increase abusive legal action, costing British businesses in terms of time, resources and jobs’.

The Times then further discusses Third Party funding and how law and business and finance should be encouraged.

Susan Brown, director and Head of Professional Negligence concludes the article with ‘It widens the options we can offer clients. The only parties for whom it isn’t good are multimillion-pound companies who are able to browbeat smaller less well- heeled companies into abandoning good claims when they run out of money to fund litigation’

Contact us

• 0207 743 6700
• Request a call back
• Email us

Knowledge centre
Elucidate: let our knowledge centre empower you with our legal expertise. more >