Funding


Innsworth to back Mastercard action as IMF launches new fund

24 June 2019

The third-party litigation funder that stepped in late in the day to fund the appeal in the £14bn Mastercard consumer claim is backing the entire case. We also have news from funders IMF, LCM and Burford.


Litigation funding platform targets wealthy private investors

20 June 2019

An online funding platform has recruited 200 high net-worth individuals to back commercial litigation cases in the UK and is employing litigation analytics to support its work.


Equalities watchdog slams legal aid rules in discrimination cases

20 June 2019

Difficulties in obtaining legal aid funding in discrimination law cases has created insurmountable barriers, leading to a denial of justice, new research has found.


FSCS to protect LAMP policyholders after liquidation is confirmed

6 June 2019

UK individuals and small business customers affected by the collapse of after-the-event insurance LAMP will be protected, the Financial Services Compensation Scheme has confirmed.


Legal expenses insurer’s founders to repay £2.4m sale price

23 May 2019

The founders of legal expenses insurer Motorplus have been ordered by the High Court to repay the entire sale price of the company of almost £2.4m for breaching warranties.


CrowdJustice launches private fundraising platform

22 May 2019

Funding platform CrowdJustice has launched a private, invitation-only fundraising tool that it says will allow a broader range of clients to afford legal services.


Well-known after-the-event insurer facing liquidation

21 May 2019

Well-known after-the-event insurer LAMP has applied to go into liquidation after failing to secure additional finance so it can meet its current obligations and insure new risks.


Therium’s access to justice fund names first grant recipients

15 May 2019

LawWorks and the Personal Support Unit are two of first recipients of grants from Therium Access, the not-for-profit funding initiative from the litigation financier aimed at facilitating access to justice.


Law firm with litigation fund targets cases worth £15m-plus

30 April 2019

Listed City law firm Rosenblatt has outlined the “major market opportunity” it sees in backing clients’ litigation through its own funding subsidiary, particularly those worth £15m or more.


“No general duty” for barristers to advise on litigation funding

25 April 2019

Barristers are under no duty to advise clients on litigation funding unless specifically instructed to, and do not then assume “a continuing duty” to keep it under review, the High Court has held.

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