Predictive analytics pioneer CourtQuant is in the process of being wound up, with its chief executive blaming cautious lawyers, a lack of data and the impact of the pandemic.
A Commercial Court judge has said that the question of costs “worries me always” and should worry judges in all jurisdictions, particularly where there is a disparity of economic power between the parties.
High-level efforts to help parties resolve contractual disputes arising from the Covid-19 pandemic efficiently and without rancour have moved on to practical guidelines to achieve this.
The guideline hourly rates (GHR) are “barely even a starting point” in high-value litigation conducted by City law firms, a costs judge has ruled in allowing a grade A rate of £750.
The formula set out in Roberts v Johnstone to calculate accommodation claims by injured people “no longer achieves fair and reasonable compensation”, the Court of Appeal ruled today.
A leading US law firm has demanded a contingency fee of almost $185m (£143m) for its work in obtaining $3.7bn in compensation for insurers in a dispute that reached the US Supreme Court.
A High Court judge has strongly attacked the claimants in what he described as a “forensic arms race” over a complex claim by 202,000 Brazilian people and businesses following the collapse of a dam.
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.