Litigation Funding news – Page 86
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NewsGovernment rules out hybrid DBAs
Civil Justice Council commissioned to review DBAs – but hybrid arrangements off the agenda.
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NewsFixed fees needed for deafness claims, say insurers
ABI says the monthly number of such claims has risen from 1,000 in 2012 to 3,500 in 2014.
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NewsInfant claims costs clarification due by January
Claimant lawyers say judges are refusing to allow payments for additional liabilities out of damages settlements to infants.
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NewsHigh Court imposes costs budgeting on £18m claim
Judge warns of ‘abuse of the process’ if discretion is not applied to current guidelines.
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NewsPrivacy granted for multi-million-pound fee dispute
Ruling ‘protects confidentiality’ of those who challenge lawyers’ fees.
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Costs specialist creates app to calculate interest
Application features ‘first-ever interest calculator’.
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NewsSanctions avoided despite three-month notice delay
Judge rules it would not be ‘fair, just or appropriate’ to deny the claimants relief.
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NewsJackson warns against ‘vested interests’ on DBAs
Architect of civil justice reforms calls for working group to examine ‘no win, low fee’ model.
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NewsCMCs face backlog of up to 10 months
Revelation follows calls for more training to equip judges inexperienced in costs.
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NewsHigh Court refuses withdrawal of settlement offer
Mr Justice Leggatt says it was ‘wrong in principle’ for defendant to make its application without notice to the claimant.
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NewsDenton backlash begins as judge overturns relief refusal
Original judge had ‘expressed’ qualms about following directions of Mitchell judgment.
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NewsHigh Court deals LASPO blow to Grayling
Court rules that Ministry of Justice did not carry out adequate review of potential impact of reforms.
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NewsCosts budgeting ‘completely alien’ to some judges
Senior costs judge says more training needed to help with post-Jackson regime.
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NewsTribunal costs boost for in-house lawyers
In-house lawyers working on employment tribunal claims may need to adopt time-recording practices similar to those in private firms following an appeal ruling.
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NewsInsurer to bear costs of mirror wills mix-up
Supreme Court finds it would be unfair to settle parties’ costs from the estate as claimant would suffer a loss.
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Late bill danger
Law firms wait an average of three months for their bills to be settled – more than twice as long as businesses in other sectors, a survey of LLP accounts has revealed. The analysis of 321 firms, by finance company LDF, found an average delay of 94 days. The ...
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NewsLSB caution on growth of paid McKenzie friends
Paid legal advisers should be recognised as a ‘legitimate feature’ of the legal services market, says LSB chairman.
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Bentham eyes litigation funding market in UK
The world’s first litigation funding company to be publicly listed will open for business in the UK this month.
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NewsThird-party funder Burford gets asset boost
US-based Burford Capital assets top half a billion dollars following $150m bond issue on the London Stock Exchange.
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NewsReform of guideline hourly rates in shreds
Master of the rolls rejects key recommendations made by a Civil Justice Council committee