Third Party Funding
Code for Conduct for Litigation Funders
The final version of the Code of Conduct for Litigation Funders is below. This voluntary Code, sets out standards of practice and behaviour for litigation funders in England & Wales:
- Code of Conduct for Litigation Funders (November 2016)
It was also agreed that an Association of Litigation Funders of England and Wales should be established. Copies of the Articles and Rules of the Association are below:
- Articles of Association of The Association of Litigation Funders of England and Wales
- The Association of Litigation Funders of England and Wales: Rules of the Association
- Memorandum of Association of The Association of Litigation Funders of England & Wales
- CJC News Release: Code of Conduct for Litigant Funders – 23 November 2011
Further information about the CJC Working Party which considered the responses to the consultation and produced the final version of the Code.
In June 2007 the CJC published advice to the Lord Chancellor in a paper titled ‘Improved Access to Justice Funding Options and Proportionate Costs – The Future Funding of Litigation, Alternative Funding Structures’. The third recommendation in that paper related to properly regulated third party funding and the CJC formed a Working Party to consider this issue further.
Stakeholder events were held by the CJC in February and July 2008 where a draft Code of Conduct for Third Party Funding, which the Working Party had produced, was considered. Following Lord Justice Jackson’s recommendations the draft Code of Conduct was revised and in February 2010 the CJC held another stakeholder event to consider the revised code.
In July 2010 the CJC opened a consultation on the Self Regulatory Code for Third Party Funding which closed in December 2010. A summary of responses was published in June 2011. Details of consultation:
Minutes of Events:
- Third Party Funding Conference (February 2010)
- Third Party Funding Conference (July 2008)
- Third Party Funding Conference ( February 2008)
To consider responses to the CJC Consultation Paper on a voluntary Code of Conduct for Third Party Funders and produce final version of the Code for approval by Ministers which Third Party Funders will be expected to abide by.
Outcome of Working Party
Further details of CJC work in this area including the final version of the voluntary Code of Conduct for Third Party Funders can be found on the Third Party Funding page of our website.
- Chair: Michael Napier CBE, QC (Hon) (Chairman, Irwin Mitchell)
- Timothy Mayer (Allianz Insurance)
- Professor Rachael Mulheron (Queen Mary University of London and member of the Civil Justice Council)
- Susan Dunn (Third Party Funder, Harbour)
- Leslie Perrin (Chairman, Calunius Capital LLP)
- Rocco Pirozzolo (Solicitor and Legal Expenses Underwriting Manager at QBE)
Last updated: November 2011