The litigation finance industry may soon see a shift following a significant call for action by the Civil Justice Council (CJC). Nearly two years after the profound impact of the Supreme Court’s 2023 PACCAR ruling, there is renewed hope as a recent report urges the U.K. government to address the ruling’s consequences through legislative measures “as soon as possible” (
read more
).
The article indicates that stakeholders in the litigation funding industry are optimistic about potential reforms that could mitigate the effects of the past decision. While the full details of the report and responses from industry actors remain behind a paywall, the essential takeaway is the anticipation of legislative changes aimed at reversing the challenges posed by the 2023 ruling.