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The Organisation for Economic Co-operation and Development stated that although the lack of corporate governance was not the sole or direct cause to the current financial crises, it certainly facilitated (or did not prevent) the industry practicing misjudgement, poor performance and a failure to anticipate systemic risk.

When the Jackson reforms came into force in April 2013, it was proclaimed they would bring about a substantial shift in the way in which litigation was conducted and would improve the culture of litigation for the better.