With the spectre of nearly 200,000 challenges to the conditional fee agreement (CFA) costs regime in the background, it is hardly surprising that the Civil Justice Council (CJC) invited the great and the good (together with other interested parties) to discuss whether third-party funders should be regulated (Legal Week, 14 February).
The CJC has already signalled its qualified support for third-party funding and a discussion over regulation stakeholders is a welcome step. Is regulation the answer where funding is concerned? Do we need to have regulation at all? What can go wrong?
