News

Appeal refused over claimant who issued just to recover costs

The Court of Appeal has refused permission to appeal a High Court decision that found a claimant was entitled to issue his claim solely in pursuit of costs.

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Fees breakdown published for capped costs pilot

The breakdown of the £80,000 in fees that solicitors will be able to claim under the voluntary capped costs pilot for certain Business and Property Courts cases valued up to £250,000 has been published.

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High Court slashes success fee citing proportion of fees at risk

A district judge failed to consider the risks that a claimant solicitor should have taken into account when entering into a CFA and so was wrong to award a 65% success fee, the High Court has ruled.

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Part 36 penalties “severable”, says judge as she refuses 10% uplift

The consequences of beating a part 36 offer are “severable” and each should be assessed against the test of whether it would be unjust to award them, a judge has ruled.

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Government sets clock ticking on discount rate reform

Compensators have been told to start preparing for a new discount rate as it will come into force in no more than eight months, following the Civil Liability Bill receiving Royal Assent yesterday. Under its provisions, the Lord Chancellor must… Read More

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Australian funder hits town as Manolete unveils strong results

Australian third-party funder Litigation Capital Management Limited – which has taken over London funder Chancery Capital – made its bow on AIM yesterday.

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Bar for budget revision “should not be set too high”

The bar for what constitutes a ‘significant development’ requiring revisions to a budget “should not be set too high”, a Queen’s Bench master has said.

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Burford unveils $1bn investment from sovereign wealth fund

Leading third-party funder Burford Capital has announced nearly $1bn (£790m) in new funding, which it will support with $633m of its own capital, to facilitate its investments for up to four years.

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