Over the past few years, the dynamics of the legal profession have been markedly influenced by the growth of litigation funding. Debate has intensified about the societal value of litigation funders, particularly in the UK where the government is preparing changes to existing rules that could potentially benefit these entities. Critics argue that a review of the implications and functioning of such businesses is needed before any rule changes are implemented.
While litigation funding can facilitate access to justice for those who might otherwise lack the resources, detractors express concern about the potential for abuse. Particularly, they worry about the effect on the judicial system if these funders are allowed to potentially influence litigation towards their own financial gain.
Unfortunately, the specifics within the debate and the proposed regulatory changes are difficult to elaborate on, as the original article is paywalled. Nonetheless, for those interested in exploring the topic in more depth, the complete discussion can be accessed here.