CORLA Co-President David Greene is quoted by Legal Futures as CJC report on litigation funding receives a positive reaction from across the legal profession

This week’s Civil Justice Council (CJC) report on litigation funding has received a positive reaction from across the legal profession.

But there was concern about the idea that law firms in receipt of ‘portfolio funding’ could be jointly regulated by the Solicitors Regulation Authority (SRA) and Financial Conduct Authority (FCA).

David Greene, co-president of the Collective Redress Lawyers Association and senior partner of London firm Edwin Coe, predicted that the recommendations would be “a boon for access to justice”. “Reversing PACCAR will finally put an end to the uncertainty that has hampered funders’ willingness to invest in important and meritorious cases. We urge the government to take up the recommendation immediately.

“The proposed light-touch regulation of funders is a much-preferred route in this very young market.”