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.
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.
Difficulties in obtaining legal aid funding in discrimination law cases has created insurmountable barriers, leading to a denial of justice, new research has found.
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.
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.
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 LAMP has applied to go into liquidation after failing to secure additional finance so it can meet its current obligations and insure new risks.
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.
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.
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.