Litigation Funding news – Page 44
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SRA reveals £1m shortfall on five most expensive prosecutions
Regulator claimed more than £100,000 costs but was awarded far less by the tribunal.
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Supreme Court green light for £14bn Mastercard group action
Claim on behalf of 46 million consumers remitted to Competition Appeal Tribunal after court dismisses card issuer's appeal.
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White solicitors 'earn a third more' than BAME colleagues
Law Society report highlights career barriers and recommends blueprint for law firms to drive equality.
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Court grants 35% uplift on guideline rates ‘as a starting point’
Judge says rates being charged in north west litigation bear no relation to reality.
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‘Lawyers aren’t a charity’: Family judge awards £60k incurred costs
Court says client should not be beholden to lawyers over unpaid costs.
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Master warns of tougher line on rogue costs bills
Courts are taking the view that bumped-up costs must be sanctioned - not just disallowed.
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Niche litigation funder celebrates bumper lockdown
Insolvency specialist predicts busy caseload after furlough scheme ends.
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Insurers face costs bill for Swift v Carpenter fight
Claimant had beaten her own without prejudice offer and a Part 36 offer from opponent.
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Court of Appeal rules solicitor was ‘winner’ in £50k costs battle
Latest ruling in dispute between two solicitors going back at least seven years.
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Lawyers denied CFA fees after failing to act in client’s best interests
Law firm had sought to recover fees after client did not authorise issue of any proceedings.
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Litigation firm fined £21k for holding funds without instructions
Milberg Ltd allowed more than £3m to improperly pass through client account.
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Law reform 'worth billions', economists find
Landmark report shows economic gains from five highest-value projects in recent years exceed £3bn over 10 years.
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SRA to recover less than 30% of prosecution costs in Bakers case
Regulator faces £137,000 legal bill after high profile prosecution of firm and three former leaders.
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Court orders costs repayment after client did not consent to deduction
Costs recovery lawyers hail decision in High Court as potential win for millions of former PI claimants.
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Guideline hourly rates under fresh scrutiny as lawyers claim higher costs
The validity of 10-year-old guideline hourly rates is coming under fresh scrutiny, with costs lawyers regularly arguing against them and even a costs master admitting they are ‘barely even a starting point’ for City firms.
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Price transparency showing solicitors are affordable, says SRA
Consumers helped by price information but most still choose lawyer based on other factors.
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SRA back on trail of firms flouting price transparency rules
Chief executive reveals that temporary halt on disciplinary action during the pandemic has now been lifted.
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Litigation funding giant's profits slip but ‘pipeline is rebuilding’
Burford says it has passed the test of lockdown despite profit and revenue figures heading downwards.
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Costs ruling opens way for uplift on CoP guideline hourly rates
Judgment hailed as providing reassurance for people worried about survival of practice.
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Court allows mother to recover inquest costs as part of PI claim
Case centred around whether liability had been fully admitted before inquest went ahead.