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Financial list for cases over £50m working well, Mr Justice Blair says
The ‘financial list’ launched by the High Court in October last year for claims linked to the financial markets and worth over £50m is “operating well”, Mr Justice Blair has said. Blair J said there were 10 cases in the list by the end of last year.
Irwin Mitchell promises “absolute certainty” with fixed-fee commercial litigation scheme
National law firm Irwin Mitchell has promised its commercial litigation clients “absolute certainty” through a staged fixed-fee scheme launched today. Meanwhile HIgh Court judges have launched their two schemes to speed up trials at the Rolls Building.
Covington launches pioneering arbitration app
International firm Covington & Burling has launched a pioneering commercial arbitration app, which has been downloaded in over 80 countries in the two weeks since its launch.
Judges unveil streamlined trial procedures for commercial cases
A committee of High Court judges, joined by a leading QC and City solicitor, has revealed its recommendations for faster trials of commercial disputes – through new ‘shorter trial’ and ‘flexible trial’ procedures.
Juridica to extend litigation funding to law firm portfolio finance and arbitrations
Litigation funder Juridica has announced that it intends to diversify its approach and extend its investments to law firm portfolio finance and arbitrations.
“No element of doubt” that smaller cases suitable for litigation funding, Augusta says
There is not an “element of doubt” that smaller commercial cases are suitable for litigation funding, the managing director of Augusta Ventures has said. In its first six months, 22 cases had been approved, with an average capital commitment of just under £200,000.
ATE advice failures could trigger negligence claims, Irwin Mitchell warns
Law firms that failed to advise on after-the-event (ATE) insurance in commercial litigation cases could be on the receiving end of negligence claims, Irwin Mitchell has warned.
Commercial barristers and Law Society join chorus of opposition to court fee changes
The Ministry of Justice’s proposals to increase court fees for litigants above cost price have been roundly condemned once again, with the Law Society and commercial barristers adding their voices to what has become a chorus of disapproval.
Court fees set to soar for commercial litigation
Court fees for litigants in commercial money claims could rise from under £3,000 to more than £21,000 under plans by the Ministry of Justice for a percentage-based fee system. It is also seeking the power to levy fees that are higher than cost price.
Boardman: reduce disclosure to the relevant documents to cut “exorbitant” litigation costs
The cost of commercial litigation remains “exorbitant”, with abolition of general disclosure the first attack that should be made on it, a leading City solicitor has argued. Nigel Boardman said the legal profession has not given “an adequate response to the change in the economy since 2008”.
