The government has welcomed the ruling that a serious fraud trial should be resumed despite a row with barristers that led to it being halted.
In a statement, the Ministry of Justice said: "Legal aid remains available for all very high cost cases and even after the savings a QC working on a VHCC like this could expect to receive around £100,000.
"We have one of the most expensive legal aid systems in the world and we have to address this.
"We are entirely supportive of the self-employed Bar and have made strenuous efforts to secure their continuing co-operation, including changing our original proposals and introducing support measures where possible.
"It remains open to barristers to take up these cases."
A judge has called on the government and the legal profession to "resolve the impasse" that led to a delay in a serious fraud trial.
Sir Brian Leveson ordered the continuation of a trial which had been halted on the basis that a row over legal aid meant the defendants could not get access to representation.
As he delivered the Court of Appeal verdict, Sir Brian said: "[It is] critical that there remains a thriving cadre of advocates capable of undertaking all types of publicly-funded work.
"We consider it of fundamental importance that the Ministry of Justice, led by the Lord Chancellor, and the professions continue to try to resolve the impasse that presently stands in the way of the delivery of justice in the most complex of cases."
Judge Anthony Leonard stayed the proceedings on May 1, but City watchdog the Financial Conduct Authority (FCA) recently challenged his decision at the Court of Appeal. But during the appeal hearing, Sean Larkin QC, for the FCA said:
The judge erred in principle and came to an unreasonable decision. We want you simply to reverse the stay and that will have the effect of this matter going back before the judge at some time in the future for him to consider how best to progress the case.
He argued that the public interest required a lesser remedy - an adjournment - in the case. If the appeal fails then the defendants, charged with conspiracy to defraud, would be acquitted.
The Court of Appeal will today give their ruling on a challenge against a decision to throw out a multimillion pound fraud trial after defendants said they could not get representation because of cuts to legal aid.
They have been urged to overturn a judge's ruling after the Prime Minister's brother, Alexander Cameron QC, successfully argued that the case should be halted because controversial Ministry of Justice (MoJ) reforms meant the five defendants could not find barristers of "sufficient competence".
The Prime minister's brother, a leading barrister, stood at the centre of a row about legal aid cuts today.
David Cameron and his government faced embarrassment as a serious fraud trial collapsed after a judge accepted Alexander Cameron's claim that the defendants "could not receive a fair trial" as no barrister would represent them.
The PM brushed aside his brother's 'victory', saying it was simply part of the court process.
The body responsible for bringing about the case for the now-cancelled fraud trial at Southwark Crown Court has said that they are 'considering' today's ruling.
In a statement, that FCA said: "The Financial Conduct Authority (FCA) are considering HHJ Leonard QC's ruling today ordering a stay of the criminal proceedings against Scott Crawley, Dale Walker, Daniel Forsyth, Brendan Daley and Aaron Petrou and whether to appeal.
"In these circumstances we do not intend to comment further at this time."