This is the intro to the third party funding debate which Fox Williams recently hosted following the launch of their Third Party Funding Report. The debate has been edited to form 6 short films covering the hot topics of the debate which can be seen below. To download a full copy of the report please click here.
The third party funding panel looks at what Third Party Funding is in practice along with the text book definition.
The third party funding panel considers whether third party funding is promoting access to justice.
The third party funding panel looks at the impact of the recommendations made in the Jackson review on the Third Party Funding market.
The third party funding panel questions following the Jackson report whether the Third Party Funding industry should be regulated in particular, capital adequacy – the funders, circumstances when funders can withdraw from claims and the issues of adverse cost.
The third party funding panel look at when in a Third Party funding there becomes competing interests between the client, the lawyer and the funder for example when a case should be settled or who should be making the key decisions.
The third party funding panel look at how Australia and the US are using third party funding.