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Reforms Abroad For Litigation Funders Raise Questions In UK

July 6, 2020, Law360

Charlotte Raynor spoke with Law360 about the potential licensing regime for litigation funders in the UK. Ms. Raynor says, “If a funder is a member of the ALF, then they're hallmarked as being a 'good player' in the marketplace.” However, she points to growing concerns about how litigation funders run their business, including the sources of their funds. “How transparent are their accounting practices? Who is sitting behind them? And how stable and profitable are litigation funders, including those who are listed on a stock exchange? These kinds of questions are starting to crop up more and more as the market continues to develop," she adds.

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