The Supreme Court last summer issued a judgment that rewrites the way legal proceedings can and can’t be financed in the UK: PACCAR. This judgment has created significant uncertainty in the legal sector. Since the judgment, there has been widespread — and sometimes confused — reporting on the impact it will have on the legal finance industry, on funded claims that are ongoing in the UK courts, and on the future ability of claimants to obtain funding to support claims. It is crucial that the uncertainty created by this decision be urgently resolved.
Legal finance plays an important role in the UK’s civil justice system. Many claimants in the UK rely on external funding to help them meet the high costs of litigating claims in the UK courts. Without this financial support, many claimants would not be able to access justice. This includes corporate or SME claimants that choose to use external funding to help mitigate the expense and risk of a legal case, or groups of consumers involved in class actions which rely on external funding, such as those in the UK’s competition tribunal which would not be possible without funding.
Read more Government should clarify the future of litigation funding | Opinion | Law Gazette
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