Eight law firms have borrowed over £500,000 through commercial peer-to-peer lending, an innovative form of financing which some experts predict could one day replace banks.
Lender Funding Circle says it has lent a total of £500,000 to eight legal practices: three from the north-west, one from the north-east and the rest from the south-east. Two more peer-to-peer lenders are planning to enter the legal market.
Regulator says payment not in lieu of compensation and candidates will be compensated for losses incurred.
Society president says more action was needed as ‘rise in litigants in person [creates] further pressure on system already in crisis’.
Public inquiry sees lawyer’s emailed instruction to ‘structure’ documents to invoke privilege.
Partnership
Charity Explorer provides a reputable reference tool for solicitors, will-writers and their clients who want to leave a legacy or charitable gift.
Visit Charity Explorer
Whether you are looking for legal expert witnesses, legal training/CPD providers, international law firms, administration of estates, legal software suppliers, barristers chambers or any other general legal service, the Legal Services Directory will provide a suitable option.
Visit Legal Services Directory
![David Lester (senior partner at Blythe Liggins), Darryl Barnes, Jagdeep Sandher (head of dispute resolution at Blythe Liggins)[4]](https://d1d8vslyhr7rdg.cloudfront.net/Pictures/274x183/4/2/8/116428_davidlesterseniorpartneratblytheligginsdarrylbarnesjagdeepsandherheadofdisputeresolutionatblytheliggins4_981603_crop.jpg)
No comments yet