Podcast Location:
Download it here [file size: 34.5 MB]
Part of:
Jackson and County Court Reforms 2012 CPD Training Bundle
Categories:
Personal Injury
Costs & Funding
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast explores the role third-party funding will play in litigation funding following the abolition of legal aid and recoverability of success fees and after-the-event insurance premiums. It will also consider the introduction of contingency fees and the impact they will have on third-party funding.

Date recorded: 23rd February 2012

Outcomes:
After completing the course you will:
  • Understand what the third-party funding model is and how it works.;
  • Understand how the Jackson reforms will impact on third-party funding.;
  • Appreciate the role third-party funders play in litigation.;
  • Know how best to advise your client about what a third-party funded relationship will mean for them.;
  • Understand how the proposals for Qualified One Way Costs Shifting will impact on third-party funding.;
  • Be familiar with the proposals relating to Contingency Fee Agreements.;
  • Be able to appreciate the difference between running a case under a Contingency Fee Agreement and a Conditional Fee Agreement.;
  • Understand what the introduction of Contingency Fee Agreements would mean for third-party funding.
Level:
Specialist Difficulty: 5 of 5
Classification:
Legislative Updates
Market Update / Hot Topic
Practical Guide
Sources and References:
  • Jackson Report;
  • Legal Aid, Sentencing and Punishment of Offenders Bill.

In this podcast Kerry Underwood from Underwoods Solicitors discusses the role third-party funding will play in litigation funding following the abolition of legal aid and recoverability of success fees and after-the-event insurance premiums. Kerry will also consider the introduction of contingency fees and the impact they will have on third-party funding.

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