Law firm, funders and broker team up to launch IPEC product

21 February 2019

A law firm, litigation funder, after-the-event provider and insurance broker have teamed up to launch a product to fund claims brought in the Intellectual Property and Enterprise Court.

Shareholder action funder to back £400m Petrofac claim

15 February 2019

A specialist shareholder action funder is to back a £400m claim being prepared against oilfield service company Petrofac arising out of an alleged bribery scandal.

Firm that transferred PI client to another practice loses fees claim

12 February 2019

A law firm which closed down its personal injury department and passed on its client to another practice could not claim its fees at the end of her case because she had entered a new CFA.

High Court slashes success fee citing proportion of fees at risk

7 January 2019

A district judge failed to consider the risks that a claimant solicitor should have taken into account when entering into a CFA and so was wrong to award a 65% success fee, the High Court has ruled.

Australian funder hits town as Manolete unveils strong results

20 December 2018

Australian third-party funder Litigation Capital Management Limited – which has taken over London funder Chancery Capital – made its bow on AIM yesterday.

Burford unveils $1bn investment from sovereign wealth fund

19 December 2018

Leading third-party funder Burford Capital has announced nearly $1bn (£790m) in new funding, which it will support with $633m of its own capital, to facilitate its investments for up to four years.

New safeguard for costs payments from protected party’s damages

12 December 2018

Solicitors will in future have to provide a bill or breakdown of costs when seeking payment of success fees and ATE premiums out of the damages of children or protected parties.

High Court rejects funder’s bid for “mini-trial” of £14m claim

11 December 2018

Litigation funder Vannin Capital has failed to obtain summary judgment of its £14m claim against RBS shareholders it backed who then successfully sued the bank.

Boxing promoter Warren loses assignment challenge to CFAs

4 December 2018

Boxing promoter Frank Warren has been refused permission to appeal a costs judge’s ruling that the assignment of two CFAs – under which he owed his solicitors nearly £1m – was valid.

Litigation funder to list next week with £76m market cap

3 December 2018

Insolvency litigation funder Manolete is to raise £16.3m when it is admitted to AIM next week, it has announced. The selling shareholders will realise a further £13.1m.

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