Civil Proceedings: Legal Costs
The question
To ask the Secretary of State for Justice, whether his Department plans to introduce additional safeguards to ensure that third-party litigation funding agreements do not expose consumers to unfair financial outcomes.
Answered by Sarah Sackman
We intend to legislate to introduce proportionate regulation of litigation funding agreements when parliamentary time allows. The new regulatory framework will aim to enhance claimant protection, transparency, and the effectiveness of the litigation funding market.
The Government recognises the critical role third-party litigation funding plays in access to justice. That is why we are committed to ensuring it works fairly for all. We will outline next steps in due course.
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