Funding


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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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