Litigation Funding in Australia Needs Regulation

Who are the real beneficiaries when third-parties fund litigation in Australia?  “Clearly, the funders find it lucrative… and some evidence suggests that in certain cases the funders walk away with a bigger share of the settlement than the plaintiffs,” writes ILR President Lisa Rickard in The Australian .  Initial proposals to regulate third-party litigation funding are inadequate, she adds, and the government should work to craft a more rigorous regulatory framework.