Funding

Asplin convicted after Court of Appeal cleared way for private prosecution

Paul Asplin (2)

The former chief executive of DAS UK was convicted of a 14-year-long fraud in a private prosecution brought by the company after it overturned a court decision to stay the case, it has emerged.

September 24th, 2018

Solicitor struck off over conflict between litigation and funder clients

the road of money

A solicitor who sought to keep a longstanding client happy at the expense of another, when one provided the other with a loan to pursue High Court litigation, has been struck off. His actions were “a classic example of a solicitor departing from the complete integrity, probity and trustworthiness expected”.

September 17th, 2018

APIL and Law Society push for extended QOCs and reformed DBAs

percent blocks

The Association of Personal Injury Lawyers has called for qualified one-way costs shifting to be extended beyond personal injury and the cap on damages-based agreements to be doubled to 50% for fast-track cases with fixed costs.

September 11th, 2018

Vannin set to raise £70m from stock market listing

Dan Craddock

Third-party litigation funder Vannin Capital has announced its intention to float on the London Stock Exchange next month. The existing shareholders are to make 25% of its stock available in a bid to raise £70m.

September 10th, 2018

Bar Council: Solicitors refusing to pay barristers’ unrecovered fees in CFA cases

Signature

An increasing number of solicitors do not accept a contractual obligation to pay counsel’s unrecovered fees in personal injury and medical negligence cases, the Bar Council has complained. It also said QOCS was leading to more inappropriate claims of fundamental dishonesty.

September 4th, 2018

Class actions “set to grow”, says senior commercial litigator

Gregg Rowan HSF

Data and privacy class action claims are likely to expand in future, with litigation funders attracted by lucrative returns driving the industry, according to a senior City disputes lawyer. There have already been several “very high-profile claims” recently relating to shareholder and competition claims.

July 31st, 2018

Court of Appeal to rule on 100% success fee model for low-value PI claims

Per cent 100 Hundred

The Court of Appeal is to rule on the legality of what has become the industry model for handling low-value personal injury claims, with firms charging clients a 100% success fee as standard. It was confirmed yesterday that the court has given permission for a second appeal in Herbert v HH Law.

July 26th, 2018

Burford’s share price soars to new record after latest strong results

Paul Martenstyn

The seemingly inexorable growth of Burford Capital continued yesterday after strong half-year results sent its share prices soaring. Meanwhile, fellow third-party funder Vannin Capital has named the deputy senior clerk at Fountain Court chambers as its new managing director.

July 26th, 2018

Augusta secures £150m of capital as litigation funding market hots up

Robert Hanna

Augusta has become the latest third-party funder to raise new capital, securing an extra £150m as it claims to have funded more cases in the UK than any other. In all, it has so far committed £98m to funding 162 cases. Last year, it also opened an office in Australia.

July 11th, 2018

Senior Costs Judge flags concern over PI solicitors’ standard 100% success fee

ACL Roundtable

The Senior Costs Judge has called on the Law Society to remind personal injury solicitors of their obligation to undertake individual risk assessments in low-value cases and not just apply a blanket 100% success fee. He also called for a broad extension of qualified one-way costs shifting.

July 6th, 2018

Blog

The impact of technology on PI law

Andrew Clark Fletchers

New technology is rapidly changing the world around us, permanently revolutionising our everyday lives. It is also changing the legal landscape, with law practitioners required to keep abreast of every new development to best help their clients. From helmet and dash cameras to improved CCTV, this is particularly evident in personal injury law.

September 14th, 2018

Featured Associate

Temple Legal Protection

Visit website

Featured Associate

Augusta Ventures

Visit website