According to the Financial Times last week, they should be.
Following in the growth of tie ups between funders and firms - most recently between Mischon de Reya and Harbour.
The FT poses tie ups between less sophisticated players - on both sides - may lead to interference in the judicial process, as there is not clear regulation covering these relationships.
Mischon's and others disagree and note that regulations around DBAs and CFAs already provide regulation.
It seems difficult to ever imagine a law firm seceding control to a third party, especially above a client's wishes. But do you think the sector needs more regulation to provide certainty?
regulations already permit firms to share in damages via conditional fee arrangements, and that clients will always be in control of their cases’ direction. But less sophisticated tie-ups may struggle to keep independent. That means greater oversight is needed.
https://www.ft.com/content/663a9a96-759e-4225-87e9-c351549ecb1c?sharetype=blocked
