Funding


Chris Bogart colour

Enthusiasm for third-party funding continues to grow, says survey

There is strong growth in the consideration and use of litigation finance in the UK, new research has found, with 63% of respondents saying their organisation’s use of it has increased in the last two years.

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Branch sign

High Court close to striking out law firm’s indemnity claim against QC

The High Court has struck out a law firm’s amended particulars of claim for an indemnity from a QC if the firm was successfully sued by claimants who took part in failed group litigation. Failure to produce new particulars would inevitably lead to the part 20 claim failing.

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Aviva Will Burford

Burford creates £38m fund to back litigation run by women

Top third-party funder Burford Capital has earmarked $50m (£38m) to finance cases led by women lawyers as part of a groundbreaking initiative designed to help close the gender gap in law by providing an “economic incentive for change”.

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Google logo

High Court halts £3bn action that “benefited lawyers and funders most”

Lawyers and litigation funders would “by a considerable margin” be the main beneficiaries of any award in a representative action against Google over misuse of private data, the High Court has ruled in blocking the case going forward.

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Chris Bogart colour

Burford’s growth continues to spiral with £193m fund-raise

Burford Capital, the world’s largest litigation funder, has raised a further £193m ($250m) in less than 24 hours after an oversubscribed placing. The new shares were placed at 1850p, reflecting the extraordinary growth in the AIM-listed company’s share price.

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Paul Asplin (2)

Asplin convicted after Court of Appeal cleared way for private prosecution

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.

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the road of money

Solicitor struck off over conflict between litigation and funder clients

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”.

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percent blocks

APIL and Law Society push for extended QOCS and reformed DBAs

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.

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Blog

18 October 2018
Claire Stockford

An analogue decision? Google defeats attempt at consumer ‘class action’

In an eagerly awaited judgment, the High Court handed down its ruling in Richard Lloyd v Google LLC on 8 October. It seems clear that there is a degree of reluctance to permit group litigation which will not materially benefit consumers. That being said, it is hard to ignore the increased possibilities of group litigation in the context of corporate data breaches, particularly following the implementation of GDPR earlier this year.

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