Litigation/Dispute Resolution
Litigation funder’s share price crashes as case losses stack up
Shares in listed funder LCM crashed by 60% yesterday after the number of cases it has lost meant there was “a material uncertainty in relation to our going concern status”.
Lawyers question whether High Court got Mazur right
Lawyers have been questioning whether the High Court was right in its contentious ruling in Mazur on the conduct of litigation, with the CPR key in the debate.
Judge says he used AI to summarise documents for ruling
A judge has used artificial intelligence to summarise documents and help him produce his ruling – but stressed that he had made the decision.
Mazur ruling already being cited in court, senior judge reveals
The Senior Costs Judge has revealed that the Mazur case has already been cited before him and suggested that legal professional privilege could be a problem when dealing with the argument.
Lawyers “need to find new ways to charge” in AI world
The advent of AI means that lawyers will need to become more creative in how they charge their clients, with the billable hour unlikely to survive, it has been claimed.
High Court: Solicitor “turned blind eye” to money laundering concerns
A partner at a London law firm “dishonestly assisted” in misappropriating a company’s funds by turning a blind eye to money laundering issues raised by property transactions, the High Court has ruled.
“Little improvement” in dilapidated courts, says Law Society
Solicitors have reported “little improvement” in the dilapidated state of court estate over the past three years, with problems including rotting seagulls and maggots “raining down” into a lobby.
SRA checking if it gave others wrong advice like in Mazur case
The Solicitors Regulation Authority is checking if it provided any other law firms with incorrect advice on whether non-authorised people can conduct litigation.
Alarm over High Court “bomb” on conduct of litigation
Last week’s High Court ruling on unqualified fee-earners conducting litigation will cause “nationwide disruption”, with firms urged to review their approach to supervision.
SRA could ban ‘no win, no fee’ label in volume claims shake-up
A ban on using the term ‘no win, no fee’ and enhanced oversight of law firms are among ideas put forward by the SRA to make the high-volume consumer claims market work better.
Blog
The importance of benchmarking reports – and lessons on profitability
Regional firms reported the largest revenue growth this year (12%), outpacing their City counterparts. Yet many are not converting that growth into profitability.
Fixed recoverable costs: Sacrificing justice for predictability?
The extended fixed recoverable costs regime is failing to achieve its stated objectives. Instead of promoting fairness and efficiency, the rules are creating anomalies that undermine justice.
Expectations keep rising, so prioritise client experience
Law firms are facing growing pressure to place greater focus on client experience or risk falling behind in an increasingly competitive legal market.
