Class actions surge in UK, but public sees lawyers as main winners Legal Public awareness of class actions in the UK has reached the highest level since 2020, with the majority of the public believing they make money for law firms and litigation funders. A new report by Portland, shared exclusively with City AM, found that public awareness of class actions in the UK has reached 27 per [...]
Who’s really running a court case? The legal ruling that’s raising eyebrows Legal Each year, courts hand down hundreds of thousands of judgments. While many are significant only to the parties involved, occasionally a decision sends ripples much further afield. A prime example happened last October, when the Court of Appeal issued a straightforward ruling that upended the lending sector and created significant headaches for the Financial Conduct [...]
UK’s biggest class action lawsuit could expose the perils of litigation funding Opinion This week lawyers are delivering their closing arguments in the UK’s biggest ever class action lawsuit relating to a dam disaster in Brazil. The victims deserve justice, but the predatory business model of their funders does not inspire confidence, says Mark Hollingsworth Litigation is risky, expensive and stressful. Just ask the 555 beleaguered subpostmasters whose [...]
Legal funders warn UK government it is easier to ‘invest elsewhere’ February 13, 2025 Litigation funders have said the sector is facing a “moment of reckoning” following a court ruling, with some blaming the lack of action from the government
London holds global litigation crown amid calls for reform in funding industry December 16, 2024 Litigation funding is a leading key concern among City litigators as the majority believe the Labour should prioritise regulatory reforms
Burford Capital turning its back on London over government delays December 5, 2024 Listed legal financial firm Burford Capital is rolling back on using London due to "uncertainties" in the legal market as a result of government delays
Litigation Capital Management profit drops but strategic plan remains on track September 17, 2024 The firm's pretax profit in the 2024 financial year dropped to AUD16.1m (£8.2m), down from AUD42.7m last year.
Election leaves litigation funding Bill in limbo. What’s next for the multi-billion pound industry? May 29, 2024 After a huge push from the funding industry to introduce a new law on litigation funding, the PM called on a snap election which now puts it into limbo