Litigation Funding news – Page 47
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Litigation funder Burford buys stake in firm
Investment in PCB 'takes the legal industry a step closer to conventional financial structures'.
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Covid-19 has 'significantly reduced' value of criminal legal aid offer
Law Society says landscape has reduced dramatically and government must do more than it has proposed.
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Firm’s £13k legal bill ‘requires explanation’, rules costs judge
Client wins right to have monthly invoices made subject to detailed assessment.
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Legal revenues down just 5% - but real shock yet to come
ONS data shows sector remained strong in April. However the full impact of the lockdown has yet to be felt.
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Master: It’s not for the court to decide bar’s reasonable earnings
Costs judge agrees that QC’s £1.5m for nine-month trial preparation was reasonable.
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Firm’s silence over mounting costs ‘a breach of professional obligations’
Costs judge says client was deprived of the opportunity to seek out cheaper alternatives.
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Emergency coronavirus appeal smashes £400,000 target
Money will go towards Community Justice Fund to support specialist legal advice centres.
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Litigation funders berate ‘bizarre’ crackdown
Australian government gave funders three months to become licensed by financial regulator.
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Lord chancellor could face JR over immigration fee change
Firm says government failed to make reasonable enquiries on the likely effects of the forthcoming regime.
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Underspend not a good reason to reassess budget, costs master rules
Judge says solicitors who have acted efficiently and kept costs down should not be subject to detailed assessment.
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Costs settlement offer didn’t end at the door of the court, High Court rules
Judge rejects defendant’s appeal, saying it was open to them to put a time limit on settlement offer.
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Rule-makers told to look again at disbursement costs recovery
Supreme Court opts not to hear appeal in fixed costs case, but urges rules committee to reconsider issue.
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Government criticised over new immigration fixed fee
Law Society says new regime does not reflect complexities of immigration fee structure.
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Burford abandons market manipulation claim
Listed litigation funder denied access to sharedealing information related to a short attack last year.
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Buckland 'should use LASPO powers' to save firms
Practitioner group makes three key demands in a briefing paper prepared for the government.
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Woman owing firm unpaid fees loses final ‘hopeless’ appeal
Firm has been trying for almost two years to enforce fees for professional services.
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£14bn Mastercard claim not suitable for collective action, Supreme Court hears
Mastercard stresses the enormous scope of the claim, which spans ‘all the sectors of the UK economy’.
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Mastercard appeal goes before Supreme Court
Five judges will decide whether the biggest damages claim in UK legal history can proceed.
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Shadow legal aid minister calls for claims limit to be lifted
Karl Turner says funds are not freely available to firms doing certain complex work.
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'Tin-eared claptrap': Bar Council criticised for law centre statement
Representative body says it did not mean to cause offence with the 'unclear phrasing'.