New funding rules in response to law firm collapses must target real risks, warn Law Society and funders

The Law Society of England and Wales, claimant lawyers and funders have urged the SRA to avoid a one-size-fits-all response to law firm collapses involving mass claims, warning that proposed notification, risk-assessment and closure-planning requirements for firms using litigation funding could impose unnecessary burdens and restrict access to justice.

More from Global Legal Post and Legal Futures.