Podcast Location:
Download it here [file size: 21.7 MB]
Categories:
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 aims to introduce listeners to third party funding as a means to allow a civil claim to be brought. With litigation costs sky-high and a lack of liquidity, claimants are looking for someone to bankroll their claim. It will discuss how the mechanics of the funder-claimant-lawyer relationship works, what approach third parties take to backing litigation and what changes are in the air following Lord Justice Jackson’s Cost Review in 2010.

Outcomes:
After completing the course you will:
  • Understand what third party funding is and its place in facilitating civil litigation;
  • Be aware of the proposed changes to the third party funding market following Jackson’s proposals;
  • Understand the relationship between third party funding and ATE insurance;
  • Understand the approach third party backers take to a claim when approached for funding;
  • Understand the risks and benefits in having a third party backer for litigation;
  • Understand what a third party is prepared to fund;
  • Understand the place of third party funding within the ancient doctrines of maintenance and champerty.
Level:
General Interest Difficulty: 2 of 5
Classification:
Introduction
Practical Guide
Sources and References:
  • There are no relevant citatitons for this podcast.
Tags:

This podcast is about funding litigation with the assistance of a third party backer. It examines how such an arrangement works and the trends in the litigation funding market place.

Podcast added: 05/08/10

Podcast last reviewed: 2011-10-31

Start this CPDcast Activity

© CPDcast.com