Law firm raises £50m to fund cases brought by other lawyers
Cardiff’s Capital Law has set up a litigation funding arm and secured backing of up to £50m to finance smaller commercial cases run by other mid-market law firms.
SSB victims “have questions” as lender wipes off loans
Former clients of SSB Law have welcomed the decision of Novitas Loans to halt any recovery of the loans given to them to pursue cavity wall insulation claims.
CAT approves £3.8m payment to charity from unclaimed damages
The Competition Appeal Tribunal has approved an agreed £3.8m payment from unclaimed damages in a collective action to the Access to Justice Foundation.
Bullish Knights reports 8% rise in turnover as debt nearly doubles
Revenue at listed law firm consolidator Knights was up 8% in its last financial year to £162m, with underlying profit 11% higher at £28m, its annual results have shown.
Barrister referred to BSB for misleading tribunal with ChatGPT
A barrister who used ChatGPT to draft grounds of appeal for the Upper Tribunal that included a fake case reference, and then failed to admit it, has been referred to the BSB.
Solicitor “did not perceive risk” of failing to witness PoA properly
A solicitor who failed to properly witness a power of attorney during the pandemic has received a suspended suspension.
FCA steps up campaign to warn consumers off law firms and CMCs
The Financial Conduct Authority has launched a £1m campaign to tell motor finance customers that they do not need to use a claims management company or law firm.
High Court orders will writers to take part in mediation
The High Court has consolidated a negligence claim against a will-writing company with a dispute over the will it drafted, and ordered the company to engage in mediation.
High-profile ABS owner cleared of wrongdoing over payments
The man who founded now-defunct Stobart Barristers and then bought two well-known criminal law firms, has been cleared of any wrongdoing around his business’s insolvency.
Conveyancers sign industry charter to speed up property process
Instructing a conveyancer when a property is listed is number one of an eight-point plan issued by a group of 23 leading organisations to speed up the home-buying process.
