Litigation Funding news – Page 73
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Litigation funder reports bumper 2016 as market continues to grow
Burford Capital reports operating profits up 61% to £102m.
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Fee cut proposals ‘based on contentious claim’
Latest government statistics on expenditure due to be published six days after LGFS consultation closes.
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Litigation funder offers lending package for court fees
Two-year-old firm says it can reduce firms’ dependence on overdraft borrowing.
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Lawyers deny PI discount rate ‘conspiracy’ to hike fees
APIL backs Truss decision on compensation as chancellor Philip Hammond warns of potential costs to the NHS.
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Jackson: solicitors tell me costs budgeting is working
Appeal court judge is set to report at the end of July on the potential for increasing the scope of the fixed costs regime.
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Court denies pre-LASPO costs as litigation work had not started
Firm had taken on client two weeks before new civil justice cost rules came in to effect.
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Bar backs MoJ fee scheme restructure – with reservations
Council broadly in favour of reform but says this does not mean the proposed rates are adequate.
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Consumers ‘happy’ with solicitors’ services but price issue remains, SRA says
Research published by Solicitors Regulation Authority details experiences of vulnerable consumers in family cases.
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Fixed costs ‘in doubt’ after High Court backs budgeting regime
Mrs Justice Carr agrees that a budget fixed the amount of recoverable costs, which should be reduced only if there is good reason.
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NHSLA invites firms to fight over £544m contracts
Existing contracts for the provision of legal services set to end in May.
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Courts bill: whiplash plans will clog up courts to boost insurer profits, says Law Society
Chancery Lane hotly disputes the government narrative underpinning the proposals.
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£72,000 bill for £3,000 claim ‘disproportionate’, costs judge insists
Court finds Thompsons Solicitors had not planned ahead for the amount of work clinical negligence claim would require.
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Ex-Leeds Utd MD fails to overturn costs award against fellow solicitor
David Haigh applied to Westminster Magistrates’ Court to bring a private prosecution against Peter Gray.
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Be more diverse or we’ll withhold 10% of your fees, IT giant tells firms
US technology company HP issues diversity mandate, telling law firms ‘we can all do better’.
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Litigation funder launches $200m US investment vehicle
IMF Bentham launches $200m vehicle to finance US cases and investments.
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Solicitors to ‘vociferously oppose’ fee cuts
Criminal law groups say Ministry of Justice plans to reform litigators’ graduated fee scheme are ill-conceived.
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Solicitors attack MoD compensation plans for soldiers
Law Society says removing legal representation will create a 'David and Goliath' situation.
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Dechert’s £16m bill in fraud office case ‘unrealistic’ – judge
Costs assessment of work over probe into mining deals will now move to High Court.
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Truss willing to drop legal aid fee cut – with strings
Law Society sceptical as MoJ announces potential concession on graduated fee schemes.
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Automatic strike-out for cases where trial fee unpaid
Hearing fee refunds also being scrapped under changes to Civil Procedure Rules confirmed this month.