Funding

A third-party funder has lost out on $15m (£12m) after the High Court ruled that its entitlement came out of damages after a deduction for contributory negligence was made, rather than before.

The High Court has dismissed as irrelevant objections to leading insolvency funder Manolete Partners buying assignment of a claim, but then only awarded 2.5% of the £7m sought.

High Court activity has already recovered to pre-Covid-19 levels following a sharp slump during the height of the outbreak, new research has found.

The right under EU law for people with legal expenses insurance to choose their own lawyer in legal proceedings extends to mediation, the Court of Justice of the European Union has ruled.

The High Court has rejected litigation funder Burford Capital’s attempt to identify who traded in its shares during last August’s short-selling attack in a bid to bring claims of market manipulation.

RBG Holdings – the listed business that owns City law firm Rosenblatt and invests in its own cases – has launched a litigation funding business for other law firms to tap into.

Litigation funder Burford Capital has so far committed half of the $50m (£38m) fund established to finance cases led by women lawyers as part of an initiative designed to help close the gender gap in law.

Clients previously willing to pay lawyers by the hour are now looking at damages-based agreements in light of the coronavirus crisis, a leading City law firm has claimed.