Litigation Funding news – Page 6
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Legal funder spirals from £100m war chest to imminent closure
Ignominious ending for funder created to cash in on the post-Jackson boom.
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First legal ‘unicorn’ in $552m funding deal
Pogust Goodhead announces litigation funding partnership with US hedge fund Gramercy.
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Rosenblatt owner ‘ditching historic baggage’ as profits dip
RBG Holdings offloaded its litigation finance business to refocus on legal services.
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Clients seek to force concessions from funders
Leading silk says claimants would have to be ‘angelic’ not to capitalise on PACCAR ruling.
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Expert witnesses protest new 20-page report limit
New rules for fixed recoverable costs extension restrict the length of expert reports.
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Fixed costs reforms threaten small firms, concedes government
Department of Health also concedes that clinical negligence reforms could disproportionately hit older people.
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Anonymous litigant barred from bitcoin costs challenge
Appeal ruling is the latest in a series of judgments concerning a claim to be the digital currency's inventor.
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£80,000 costs bill for litigant who attacked judge’s honesty
Litigant goaded lawyers and questioned their competence in failed personal data claim.
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Monthly invoices were not statutory bills, costs judge rules
Georgian businessman had paid firm £12.8m over six years but wanted right to challenge the sums charged.
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Fixed costs on most lower-value clin neg claims from April 2024
New protocol introduced to streamline the process for claims worth up to £25,000.
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Solicitor condemns judges for staying silent on 'woeful' reforms
Law Society conference opened by speech describing ‘truly awful reforms’ and ‘frenzied attack’ on justice.
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Judges criticise Mastercard fees of 70% above guideline rates
Competition Appeal Tribunal says almost £600,000 claimed for four-day hearing could not be justified.
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Lawyers plead for last-ditch postponement of fixed costs extension
Costs experts say the rules are not ready and cannot be implemented next month.
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Litigation funder reveals massive payoff from $16bn case
New York court added that funder’s involvement added no extra costs to the claim.
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Costs recovery claims ‘could explode’ after FRC extension
Clients predicted to bring claims against solicitors who charge costs shortfall to them.
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Solicitor loses costs battle with widow after ‘hostile’ litigation
Solicitor had pursued action against executor of will, urging her to step aside.
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Firms expect shrinking profit margins - but remain optimistic
Author of NatWest benchmarking report says small to medium sized practices will have to work hard to keep profits up.
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SRA hit with £75,000 costs bill for 'speculative' prosecution
Tribunal penalises regulator for 'inordinate delay' and damage to solicitor's reputation.
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Cardiff non-profit secures lottery cash for Court of Protection help
Qualia Law says families of children who lack mental capacity face burdensome process to access child trust funds.
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Costs judge condemns ‘all over the place’ mesh claims
Time claimed for drafting letter of claim slashed from 62 hours to 15 by costs court.