Insolvent legal expenses insurer disclaims ATE policies
The joint administrators of former legal expenses insurer Elite Insurance – which worked with over 200 law firms – have disclaimed all but two of its active after-the-event insurance policies.
Class actions set for certification hearings in wake of Mastercard ruling
Claimant representatives have hailed the Supreme Court’s ruling in the Merricks collective action case as a “pro-claimant and pro-litigation funding decision” which reinvigorates the regime.
Insolvency funder makes rapid progress during lockdown
Insolvency litigation funder Manolete Partners has had a strong lockdown, with revenue, profit and new case investments all rising sharply, its half-year results have shown.
Lawyers and funders join forces to standardise documentation
A host of well-known litigation funders have signed up to an industry wide initiative to develop model funding documentation, launched by the London office of US law firm Brown Rudnick.
Solicitor fails in bid to recover costs after terminating CFA
The High Court has upheld a decision that a solicitor was not entitled to recover costs of £12,600 he said were owing after he terminated a conditional fee agreement.
Law firm fined for holding funder’s money in client account
A law firm which held money on behalf of its then litigation funding subsidiary has been fined for allowing its client account to be used as a banking facility.
Three-quarters of lawyers say firms have used litigation funding
Three-quarters of lawyers at big law firms and major corporations say their businesses have used litigation funding, more than twice the number from three years ago, a report has found.
Latest results keep Burford share price moving upwards
Burford Capital’s share price is rising steadily as it claims the latest results show that concerns about its business model that saw a short-selling attack last year are misplaced.
