Monday, 20 October 2014

The importance of BTE insurance as a funding option

I first worked with Rocco Pirozollo general editor of the Law Society Litigation Funding Hand Book when we both sat on the ABI’s Legal Expenses Insurance committee many years ago and more recently when I chaired an ABI-sponsored but independent working group which reported on consumer aspects of BTE. I was flattered to be approached by Rocco towards the end of 2012 to write a chapter of “the handbook”.

Rocco’s vision was to provide comprehensive practical help to busy litigators following the Jackson reforms. He has written three chapters of the book himself while inviting others to contribute the different chapters according to their fields of expertise. The project moved slowly for a time as reforms were rolled out and new cost rules published but earlier this year it was full steam ahead and it was great to see the book published in September.

The panel litigator system that legal expenses providers operate is disliked by many law firms so it may not be surprising that the BTE chapter is tucked away at the back of the book.  However, legal expenses policies provide welcome financial support to consumers and businesses. At ARAG we aim to be fair to our customers and to their preferred law firm when freedom of choice of lawyer applies.  My hope is that by being fully informed of pros and cons of many possible funding options litigators will feel more comfortable about recommending BTE as a preferred method of litigation funding.

Lesley Attu Product Development Manager

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