Law Society and Birmingham Law Society Oppose SRA's Proposed Litigation Funding Rules as Consumer Panel Backs Reform
The Law Society and Birmingham Law Society have both come out against SRA plans to impose new rules on law firms that use litigation funding, according to Legal Futures. The Legal Services Consumer Panel, however, has backed the SRA's proposed approach. No further detail on the specific rule changes or the grounds of objection is available from the snippet.
Why this matters
Regulatory friction between the SRA and the representative bodies of the profession signals that the shape of litigation funding oversight in England and Wales remains genuinely contested. The Consumer Panel's support for the SRA cuts across the usual regulator-profession fault line and may strengthen the SRA's hand in finalising the rules.
On the Ground
If the SRA proceeds, law firms using litigation funding will face new compliance obligations, driving demand for regulatory advice. A trainee would monitor the SRA consultation register and flag the response deadline to the disputes and professional regulation teams.
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