Funding justice ? The rise of no win no fee legal cases
The no win no fee funding of legal cases, where a third party accepts liability for some or all costs associated with a dispute, in exchange for a significant share of any proceeds if successful - is on the rise in jurisdictions worldwide, including in New Zealand. While proponents argue it has the potential to even out some of the imbalances of power in a legal case, detractors say it encourages a compensation culture and the filing of vexatious claims. Jonathan Woodhams is from the LPF Group, the largest New Zealand owned and locally based third party funder.