Litigation funders need certainty to keep Britain’s class action regime fair Opinion Litigation funding is an exceptionally risky business, which current delays and uncertainty over new rules is worsening, writes Leslie Perrin.
Law firm at centre of BHP mammoth lawsuit sued by its own funder Lawsuit City law firm Pogust Goodhead is facing an £84m lawsuit from its own funder over a dispute related to its high-profile case: the record-breaking group action against mining giant BHP. The firm, formerly known as PGMBM, recently secured a major victory in one of the largest legal actions ever heard in the English courts. Last [...]
Justice must work for victims not investors Opinion Third-party litigation funding is increasingly looking less like justice in action and more like a volume-driven acquisition model, writes Oliver Ryan MP.
Labour government moves to protect litigation funding December 17, 2025 The UK government plans to legislate to reverse the impact of a Supreme Court judgment on the litigation funding industry. The top court ruled in a 2023 case, known as PACCAR, that percentages of damage recovered were not enforceable. This ruling threw the litigation funding industry into uncertainty, as it brought its funding into the [...]
Class actions surge in UK, but public sees lawyers as main winners December 1, 2025 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 October 9, 2025 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 March 14, 2025 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