Litigation Funding news – Page 5
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NewsIn depth: Litigation funding - does the cap fit?
As the Civil Justice Council completes its review of litigation funding, the Law Society’s preference for self-regulation is at odds with the clamour elsewhere for statutory oversight and caps on returns
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NewsRenewed calls for urgent action on PACCAR ruling
Lawyers, funders and academics call for urgent legislation in submissions to Civil Justice Council review of litigation funding.
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News‘Fake Satoshi’ hit with costs bill over AI evidence
Court also agrees to general civil restraint order against bitcoin entrepreneur Dr Craig Wright.
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NewsLAA pays out £21m on 7,000 'inactive' cases
Legal Aid Agency could commence process to recoup cash if providers fail to submit a final bill.
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NewsLaw firms repay millions to failed litigation funder
Administrators of VFS Legal reveal that they are likely to exceed fees estimate of £1.5m.
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NewsBenchmarking survey: Law firms warned to ‘wean themselves off’ client interest as PEP soars
'Real prospect' of firms failing if they remain dependent on windfalls which averaged nearly £500,000 each in 2024.
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NewsNew calls for litigation funding regulation as CJC deadline passes
In most instances, third party litigation funding cases are of more financial benefit to the funder than the claimant, says LSB.
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NewsSolicitor admonished for branding obsessed LiP a 'sociopath'
Litigant said solicitor had hatched a plan to deprive him of his estate and mislead court.
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NewsLSB calls for mandatory regulation of litigation funding
Super-regulator concerned about conduct that 'puts short-term financial gain above clients' interests and duty to the court'.
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NewsSRA awarded £20,000 costs in ‘doomed to fail’ employment claim
Decision follows dismissal of solicitor's claim of age, race and disability discrimination.
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NewsHigh court orders legal aid firm to pay costs in family case
Judge found the firm was ‘negligent’ and failed in its core duties in preparing case.
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NewsHigh-profile costs lawyer will bow out ‘ashamed’ of ‘greedy’ City elite
Jim Diamond says hourly rates charged by City’s richest law firms have reached £1,600.
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NewsHigh Court raps London firm claiming £1,089 an hour for Grade A lawyers
Judge notes that claimed charges are ‘substantially in excess’ of guideline hourly rates.
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NewsJustice spending 'set to be no higher than it was in early 2000s'
Day-to-day justice spending in 2025-26 will be 16% lower in per-person terms than it was two decades ago.
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NewsCourt interpreter pay could rise under new MoJ contract
Minister says Consumer Price Index will be applied to the new language services contract on an annual basis.
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NewsDBAs ruled unenforceable in high-value probate dispute
In Reeves v Frain and McKinnon, Costs Judge Brown found the DBAs did not meet requirements under the Damages-Based Agreements Regulations 2013.
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NewsCourt orders £750,000 payment to fund wife’s divorce costs
Judge says solicitor and client cannot be ‘beholden’ to each other by significant debt.
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NewsAppeal court to rule on funding agreements as post-PACCAR stays are lifted
Judges lift stay on appeals that were put on hold awaiting legislation to resolve PACCAR issues.
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NewsSolicitors Act ‘a relic’, says Court of Appeal judge
Court of Appeal’s costs expert says Solicitors Act needs replacing to adapt to modern litigation.
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NewsWelfare benefits decision prompts firm to drop legal aid JR
Lawyers will be able to claim total costs at hourly rates when costs exceed three times the £208 fixed fee.