Insolvency funder gobbles up new cases
Manolete Partners, the litigation funder specialising in insolvency, has invested in more cases in the first six months of its current financial year than in the whole of the previous 12 months.
Partners made “secret profit” from flight delay ATE insurance
Two law firm partners who made a “secret profit” by opting thousands of flight delay clients into an after-the-event insurance policy have been fined a total of £55,000 by the Solicitors Disciplinary Tribunal.
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.
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.
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.
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
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.
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.
