Jackson Reforms: Update Three Months On FUNDING

Three months have now passed since the implementation of a major tranche of the Jackson Reforms. The LexisNexis Dispute Resolution team has been looking at the key court decisions to date and assessing what assistance these cases can provide in interpreting the new provisions. In particular, attention is drawn to areas where practitioners need to exercise care, at least until a binding Court of Appeal decision is in place.

Continuing our series of posts highlighting the main areas of the update we now consider funding.

This is an area which has caused much consternation amongst practitioners. In fact, many are refusing to use the new Damages Based Agreements until the underlying regulations have been reviewed and amended.

Many potential claimants are struggling to bring claims due to the changes in funding arrangements with some firms turning to innovative approaches; in Jeffrey Jones v SoS for Energy and Climate Change it was argued that the firm of solicitors should be viewed as a ‘bank’ rather than a ‘non party’ funding the litigation.

We are interested to hear your own experiences as well. Please leave us a comment.

You can read the first in the series on Costs Budgeting here and the second on Wasting Costs here.

 

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Filed Under: Jackson Reforms

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