A man who was jointly liable for costs that were covered by his co-claimant’s after-the-event (ATE) insurance has been ordered to reimburse half of the payment to the insurer.
The joint administrators of former legal expenses insurer Elite Insurance – which worked with over 200 law firms – have disclaimed all but two of its active after-the-event insurance policies.
The High Court has upheld a decision that a solicitor was not entitled to recover costs of £12,600 he said were owing after he terminated a conditional fee agreement.
City firm Rosenblatt is ramping up its use of contingent funding agreements, while its litigation finance arm has now invested in nine cases, the listed business’s half-year results have shown.
A defendant’s potential exposure to paying the premium for after-the-event insurance necessary to meet its demand for security for costs was “not relevant” to the question of security.
A costs judge has struck down three conditional fee agreements in a big-money commercial case for having the potential to lead to a claim for a success fee exceeding 100%.
The High Court has rejected an application for a payment out of court to fund all of the defendants’ legal fees under a conditional fee agreement in a “gargantuan” tax fraud case.
The High Court has rejected a judicial review that argued the Ministry of Justice failed to carry out an adequate review of the impact of the LASPO reforms on those with asbestos-related diseases.
Claimant solicitors acted unreasonably in switching a client from legal aid to a pre-LASPO CFA-lite, the Court of Appeal has ruled, meaning they cannot recover £1.1m in additional liabilities.
The impact of the Jackson reforms on the funding of insolvency litigation – though significant – has not been as serious as some had predicted but costs remain high, new research has found.