Litigation Funding news – Page 48
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Frontloading immigration work 'will drive firms out of business'
More than 200 practitioners write to Legal Aid Agency over funding concerns amid changes in response to pandemic.
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Costs penalty for successful PI claimant who exaggerated case
Court required to decide whether a costs penalty should apply where claim was inflated but not dishonest.
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Law centres given £5.4m to survive pandemic
Ministry of Justice says demand for social welfare advice is expected to grow.
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55% of leading firms do not have a month’s cash in the bank
‘Lean approach’ and enhanced partner distributions have left firms vulnerable to prolonged financial shock.
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Judge denies firm £1.1m in costs over funding switch
Court of Appeal rules that reasons for changing from legal aid funding to a conditional fee agreement were unreasonable.
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Rosenblatt parent group sets up litigation funder
LionFish Litigation Finance will fund high value cases for individuals and law firms.
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Rebuke for transferring client funds before sending bill
SRA says sanction reflects that there was no lasting or significant harm to clients.
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£220m needed to clear Covid-19 court backlog
Thinktank warns that Crown court waiting times will increase by 60% - and stay there indefinitely.
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Burford upbeat despite 24% profit slide
Litigation funder's annual results are first since disruption of a 'meritless short attack'.
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Fieldfisher takes on litigation funders with DBA insurance
The ‘exclusive’ insurance policy is designed to lure clients away from third party funders.
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Fee-earners told they can’t claim for photocopying and visiting clients
New costs judgment sees master pore over almost 1,000 claimed-for items.
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New recommendations coming on guideline hourly rates
Civil justice reviewers will produce proposals by the end of this year.
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Judges call for review of costs rules after QOCS judgment
Court of Appeal rules that defendant must be able to set off costs of winning dispute against overall costs liability.
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Court overturns £39k order against solicitor for unpaid medical fees
Dispute over fees for cancelled appointments or cases that ended up being unsuccessful.
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£750m coronavirus pot 'not enough' to save advice sector
Advice Services Alliance chief says Ministry of Justice should repurpose funds for projects no longer appropriate in current climate.
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Insolvency litigation market grows to £1.5bn
Sector has been ‘turned upon its head’ since the Jackson reforms, research finds.
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Regulator allows fee deferral to support conveyancers during Covid-19 crisis
Council for Licensed Conveyancers says firms are furloughing staff or temporarily closing offices.
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‘Financial incontinence’: judge slashes group action costs
Court ruling states that claimed-for costs were ‘indication of an over-generous approach’.
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Legal aid support package to help lawyers 'weather the coronavirus pandemic'
Law Society welcomes measures but says significantly more needs to be done to help criminal defence community.
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City firms pledge £85,000 to save law centres from closure
Several law centres have sufficient reserves for only four to eight weeks.