Funding


Minster Law group aims to “shake up” LEI market

A sister company to leading volume personal injury firm Minster Law is set to enter the legal expenses insurance market with a promise to price cover more accurately.

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Nine legal groups receive grants from Therium Access

Nine legal organisations – including the Child Poverty Action Group and Bar Human Rights Committee – have received grants from Therium Access, the not-for-profit funding initiative from the litigation financier.

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Litigation funding agreements are not DBAs, tribunal rules

Agreements with third-party litigation funders are not damages-based agreements, the Competition Appeal Tribunal has ruled. It also supported the Association of Litigation Funders’ code of conduct.

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Law firm entitled to fees from CFA after claimant’s death

A law firm which guaranteed clients there would be “no hidden, nasty surprises” could claim over £30,000 in fees from the estate of a deceased asbestosis claimant, the High Court has ruled

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Litigation Futures Conference, March 19th 2019

Official worried that lawyers might “abuse” reformed DBAs

The government needs to be sure that allowing hybrid damages-based agreements will not encourage abuse by lawyers, such as speculative litigation, the lead civil servant has warned.

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Review lays ground for both hybrid and defendant DBAs

Changes to the damages-based agreement (DBA) regulations, including opening them up to defendants and allowing hybrid DBAs, have been put forward by an independent review.

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Burford goes to court to force LSE to identify “manipulators”

Burford has launched proceedings against the London Stock Exchange to force it to reveal the identities of market “manipulators” who wiped almost £1.7bn off the value of its shares last month.

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Law Society “could negotiate fees of solicitors for LEI work”

The Law Society could maintain a list of solicitors willing and able to act for legal expenses insurers and even negotiate fee levels, the International Bar Association has suggested.

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