Therium’s access to justice fund names first grant recipients
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
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
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.
High Court sidesteps Arkin cap: “Not an automatic rule”
The Arkin cap should not be applied automatically in all cases involving commercial litigation funders, the High Court has ruled in deciding that a funder should be fully liable for a successful party’s costs.
Burford raises £230m for new post-settlement fund
Burford Capital has raised nearly $300m (£230m) for a new fund aimed solely at post-settlement matters. The funding will be put to “monetising a claimant’s settlement and other associated legal receivables”.
CA upholds challenge to routine 100% success fee in low-value PI
Solicitors handling low-value PI claims since LASPO should have undertaken risk assessments before setting success fees – rather than just applying 100% across the board – the Court of Appeal has ruled.
Litigation funder harnesses AI to screen lower-value claims
A litigation funder launched this week is to use artificial intelligence to carry out a risk analysis of the small to medium-sized claims it intends to back.
Solicitors lose right to fees after ending retainer “peremptorily”
Solicitors who terminated their retainer “peremptorily” without investigating the circumstances of evidence that might have thrown the case into doubt have lost their claim to £8,000 in fees.
