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Solicitors Regulation Authority consults on consumer protection measures where litigation funding used for consumer claims

Alan Watts, Chris Bushell, Natasha Johnson, Rachel Lidgate, Gregg Rowan, Maura McIntosh and Ceri Morgan of Herbert Smith Freehills Kramer examine proposed SRA rules that would require law firms using litigation funding for consumer claims to strengthen conflict controls, provide clearer client disclosures, assess funding risks and prepare for an orderly closure, amid concerns about undercapitalized funders.