“It’s gone bananas” – insolvency funder soars after listing
Insolvency litigation funder Manolete Partners plc has seen its share price more than double in just three months of being a public company, as interest in its offering has “gone bananas”.
Burford: We are the law’s investment bank
Third-party funder Burford Capital described itself today as “the legal profession’s investment bank” as it recorded a 24% increase in net profit after tax to $328m. It has also re-entered the ATE market.
Third-party funder launches £1m ‘access to justice fund’
Third-party funder Therium has launched a ground-breaking £1m fund to provide not-for-profit litigation funding in order to facilitate access to justice, supported by former Lord Chancellor Lord Falconer.
Firm that ended CFA after client rejected advice entitled to costs
A law firm which stopped acting for a client after she refused to heed its advice to accept an offer to settle her case is entitled to recover the £240,000 in costs due from her under a CFA, the High Court has ruled.
Strong maiden results for listed litigation funder
Australian litigation funder LCM – which listed in London late last year and brought a UK-based team on board – has announced strong half-year results. Its shares jumped 18% on the news.
Solicitors and funder line up behind £93m train fares action
Two law firms and a litigation funder have joined forces to bring a £93m opt-out collective action on behalf of “millions” of passengers who they say have paid twice for part of their train journeys around London.
MPs and peers express concern about defamation ATE
After-the-event insurance premiums must continue to be recoverable in defamation cases, a committee of MPs and peers has told the government.
Law firm, funders and broker team up to launch IPEC product
A law firm, litigation funder, after-the-event provider and insurance broker have teamed up to launch a product to fund claims brought in the Intellectual Property and Enterprise Court.
