The essential guide to conduct, compliance and competence, and the Legal Services Act
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£105m Trafigura costs dispute settles, leaving lawyers seeking clarity on interest
The dispute over Leigh Day & Co’s £105m costs bill in the Trafigura litigation has settled before it could reach the Supreme Court, it has emerged, leaving costs specialists frustrated that the question of the date from which interest on costs runs remains unresolved.
Tebbit and Mackay join LASPO fight as ATE working group reports to Ministry of Justice
Former cabinet minister Lord Tebbit and one-time Lord Chancellor Lord Mackay have thrown their weight behind amendments to the Legal Aid, Sentencing and Punishment of Offenders Bill.
News in brief: Admiral Insurance “eyeing ABS”, SRA referral fee summit, Jackson update and more
Our regular round-up includes reports that Admiral is considering becoming an ABS, the SRA starting work on the referral fee ban, Labour’s latest LASPO amendments, the Information Commissioner mulling powers to force law firm audits, and a warning over getting involved in land-banking.
Litigation funder plans £50m investment, while world’s largest funder enters UK
A recently listed third-party litigation funder is expecting to invest £50m in cases over the next year, Legal Futures can reveal, as separately Buford Capital, the largest funder in the world, enters the UK market by buying leading after-the-event provider Firstassist Legal Expenses.
Solicitors cannot recover ‘cost of funding’, CA rules – but approves £10m ATE premium
Solicitors cannot recover the cost of arranging conditional fee agreements and after-the-event insurance, the Court of Appeal ruled yesterday. The Master of the Rolls Lord Neuberger also made a significant ruling on the application of proportionality.
Dowler family urges Cameron to scrap Jackson reforms
The family of murdered schoolgirl Milly Dowler has called on Prime Minister David Cameron to scrap the Jackson reforms, saying they were only able to sue the News of the World over the phone-hacking scandal because they did not have to pay for after-the-event insurance.
The legal profession and the sale of general insurance contracts
Insurance mediation does not sound like the kind of thing solicitors do, but in fact many are involved in it and their knowledge of the rules around it are often sketchy. Alan Bannister of Vizards Wyeth outlines the main issues.
