Litigation funder keen on taking more stakes in law firms
The world’s largest litigation funder, Burford Capital, is looking for more law firms willing to exchange a minority stake for capital as an alternative to stock market listing.
Insurance and client capability are “main barriers” to unbundling
The availability of professional indemnity insurance and the capability of clients are the main concerns for law firms looking at unbundled services, research has indicated.
Scotland “polarised” on single legal services regulator
Views on whether Scotland should introduce a single legal regulator remain polarised, with consumers backing “radical changes”, while lawyers argue that it would undermine their independence.
“Astonishing” revenue rise for top law firms in pandemic
The top 50 law firms increasing their revenue to over £20bn during the first financial year of the pandemic has been branded an “astonishing achievement”.
PI costs ruling could have “significant” impact on settled cases
A Court of Appeal ruling that the wording of a settlement of a personal injury claim supplanted fixed costs could have “significant” implications, including for cases that have already settled.
Law firm’s “extremely disquieting” failure to comply with court order
A High Court judge has described as “extremely disquieting” the failure of a North-West law firm to comply with a disclosure order – even though ultimately the order was unnecessary.
“No claim is unmanageable”: Court of Appeal reinstates huge group action
The Court of Appeal has reinstated a £5bn claim that a High Court judge struck out because it risked becoming “the largest white elephant in the history of group actions”.
Lord Chief Justice to take on overall responsibility for tribunals
The Lord Chief Justice is to take overall responsibility for the tribunals as well as the courts under the joint ‘One Judiciary’ initiative run by the judiciary and the Ministry of Justice.
Stop advising clients to pay cyber-ransoms, lawyers told
Some lawyers are wrongly advising clients to pay ransoms when they fall victim to cyber-attacks, the National Cyber Security Centre and Information Commissioner’s Office have warned.
Resolution embraces ‘one lawyer, one couple’ approach to divorce
Family lawyers group Resolution is to start promoting the ‘one lawyer, two clients’ model for divorce that both law firms and unregulated providers are starting to offer.
