The free guide to costs, funding and the Jackson reforms
Tag Results
High Court: Litigation funding documents protected by legal advice privilege
The High Court has ruled that a set of litigation funding documents were protected by privilege because they inferred the substantive legal advice that had been given in the underlying dispute. The court also said that it was “not part of our law as to disclosure that every conceivable stone must be turned over”.
Group action platform gears up for first case
A platform that builds group actions using techniques similar to crowdfunding is close to reaching the target for claimant numbers to launch its first case. Venture capital-backed CaseHub uses social media and Facebook to sign up claimants for consumer actions.
Burford agrees £9m insolvency funding deal with Grant Thornton
Burford Capital has announced a £9m insolvency funding deal with accountants Grant Thornton, in what is believed to be the first arrangement of its kind. Funding covers all claims by and against an estate where Grant Thornton is a trustee.
Burford in ground-breaking £30m litigation financing deal with FTSE 20 firm
Litigation funder Burford Capital has agreed to provide over £30m in litigation financing for a FTSE 20 company, in the first publicly announced deal of its kind. Burford said the deal addressed the need of “companies of all sizes” to avoid paying lawyers by the hour.
Our litigation funding model works, Burford says, as it reports another big rise in profits
Litigation funder Burford Capital has said that another big rise in profits shows that its model works. Burford reported that income from its litigation funding business for the first six months of this year was up 64% on this time last year to over £19m.
Betfred boss moves into lower-value litigation funding
Fred Done, co-founder of betting giant Betfred, has moved into lower value litigation funding with the launch of a new service specifically designed to help cover the cost of enhanced court fees.
Therium secures “largest single investment in litigation funding”
Litigation funder Therium Capital Management Limited has announced that it has secured “market-transforming” funding of £200m to invest in large-scale commercial litigation, group litigation and arbitration.
Burford’s profits rise by 43%
Burford Capital, the world’s largest litigation funder, increased operating profits by 43% to $60.7m in 2014. Announcing its financial results for the last calendar year, Burford said income for the year increased by 35% to $82.7m.
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.
How to crack open the litigation funder’s safe
For many lawyers, successfully navigating a litigation funder’s application process is only a little easier than Jason’s quest for the Golden Fleece. Based on the significant number of applications we have seen so far this year, there are two areas which invariably cause us to reject a matter for financing: quantum and enforcement.
