There’s a lot of chatter about litigation funding these days. Today, the American Lawyer published an article, “Law Firms Flock to Litigation.
Reforming the legal regime regarding the use of damages-based agreements (DBAs) in the UK is a vital, and long overdue, development. It’s a step that needs to be taken.
Ten years ago, the Institute for Legal Reform (ILR) campaigned to kill litigation finance in the cradle. A decade later, it is clear the ILR failed.