Third-party litigation funders should be liable for indemnity costs awarded against funded claimants, the High Court has ruled. Lord Justice Christopher Clarke doubted that his decision would send an “unacceptable chill” through the funding industry
Lord Justice Jackson this week called for an end to the indemnity principle and for lawyers to lobby the government on the need for hybrid damages-based agreements (DBAs).
Leading firm Harmans Costs has launched a ‘Costs Expert’ app – available for free on both iPhone and Android – featuring what it says is the first ever interest calculator for the costs industry.
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In the most recent edition of the Law Society’s Civil Justice Newsletter, Rocco Pirozzolo laid bare the reasons why damages-based agreements (DBAs) have yet to take off. The essential problem with the DBA is that it is an all or nothing bet. A single roll of the dice. An ‘empty out’ job on the last favourite at Sandown.