Leading legal expenses insurer ARAG has reported double-digit growth in its BTE business and a ninth year in profit, despite what it said were the “challenging market conditions” for ATE.
Litigation funder Burford Capital has unveiled a 36% rise in operating profit for the first half of 2019 as it continues to make record levels of investments – and in increasingly innovative ways.
The High Court has described as “reasonable” a decision by claimant lawyers that they needed the “freedom” of a CFA and shake off “the shackles” of legal aid to properly conduct a claim.
Yesterday’s Court of Appeal decision was “a triumph for access to justice”, according to the insurer whose policy was under scrutiny. But the guidance on the proportionality test has been called “astonishing”.
The Court of Appeal has issued long-awaited guidance on how judges should apply the proportionality test, while also looking to curtail disputes over the reasonableness of block-rated ATE premiums.
National firm Pinsent Masons has agreed a £25m litigation funding facility with Augusta Ventures that offers clients a discount on the funder’s usual success fee.
The “perceived cost” of litigation funding continues to be the biggest barrier to take-up by large companies, but most have still been increasing their use of it, according to a new survey.
Manolete Partners, the litigation funder specialising in insolvency, has seen a surge in interest since listing on the stock exchange, leading to a strong financial performance, its annual results have shown.