Court of Appeal: Solicitors can be paid on DBA termination
The Court of Appeal has today saved damages-based agreements (DBAs) by ruling that they are not unenforceable if they provide that the client has to pay incurred costs and expenses on termination. The decision – the first at this level… Read More
LEI does not have to fund appeals during “unmeritorious claims”
Legal expenses insurance does not have to fund interlocutory appeals that are likely to succeed as part of claims that overall are predicted to fail, the High Court has ruled.
Man order to cover half of costs paid by co-claimant’s ATE insurer
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.
Insolvent legal expenses insurer disclaims ATE policies
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.
Class actions set for certification hearings in wake of Mastercard ruling
Claimant representatives have hailed the Supreme Court’s ruling in the Merricks collective action case as a “pro-claimant and pro-litigation funding decision” which reinvigorates the regime.
Insolvency funder makes rapid progress during lockdown
Insolvency litigation funder Manolete Partners has had a strong lockdown, with revenue, profit and new case investments all rising sharply, its half-year results have shown.
Lawyers and funders join forces to standardise documentation
A host of well-known litigation funders have signed up to an industry wide initiative to develop model funding documentation, launched by the London office of US law firm Brown Rudnick.
Solicitor fails in bid to recover costs after terminating CFA
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.
