Litigation funding platform targets wealthy private investors
An online funding platform has recruited 200 high net-worth individuals to back commercial litigation cases in the UK and is employing litigation analytics to support its work.
Equalities watchdog slams legal aid rules in discrimination cases
Difficulties in obtaining legal aid funding in discrimination law cases has created insurmountable barriers, leading to a denial of justice, new research has found.
CrowdJustice launches private fundraising platform
Funding platform CrowdJustice has launched a private, invitation-only fundraising tool that it says will allow a broader range of clients to afford legal services.
Therium’s access to justice fund names first grant recipients
LawWorks and the Personal Support Unit are two of first recipients of grants from Therium Access, the not-for-profit funding initiative from the litigation financier aimed at facilitating access to justice.
Law firm with litigation fund targets cases worth £15m-plus
Listed City law firm Rosenblatt has outlined the “major market opportunity” it sees in backing clients’ litigation through its own funding subsidiary, particularly those worth £15m or more.
High Court sidesteps Arkin cap: “Not an automatic rule”
The Arkin cap should not be applied automatically in all cases involving commercial litigation funders, the High Court has ruled in deciding that a funder should be fully liable for a successful party’s costs.
Burford raises £230m for new post-settlement fund
Burford Capital has raised nearly $300m (£230m) for a new fund aimed solely at post-settlement matters. The funding will be put to “monetising a claimant’s settlement and other associated legal receivables”.
Litigation funder harnesses AI to screen lower-value claims
A litigation funder launched this week is to use artificial intelligence to carry out a risk analysis of the small to medium-sized claims it intends to back.
