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Advantage Litigation News & Updates

From time to time we will post news articles and announcements relating to the firm and to various legal issues that may be of interest to you.

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Following the collapse of construction giant Carillion in Jan 2018, litigation funding has recently been confirmed allowing the defunct business to pursue legal action against accountants KPMG. The funding has been agreed by Litigation Capital Management (LCM), who have agreed to fund the £250m claim being made by Carillion’s liquidator in the Commercial Court.

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A former professional footballer has recently been awarded over £2.3m in compensation having successfully sued his former club and employer for breach of contract.

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Accountancy firms have been around in one shape or form pretty much since the invention of money. Even with the increase over the past two decades in fintech and online services that allow individuals and businesses to take a ‘DIY’ approach to accounting, there are still many reasons why a registered accountancy firm should - and in many cases must - be used.

An individual who has debts that do not exceed £5,000, cannot pay these debts in full now but will be able to over time, can apply to a court for an administration order. An administration order offers protection to the individual concerned and enables them to make payments of their debts by monthly instalments. An administration order also allows for a postponement of payments (a ‘moratorium’) on the enforcement of the debts by the individual’s creditors. The main benefit of this type of order is that while the order remains in force, and the debtor maintains the agreed monthly payments, no creditor may issue proceedings for (or exercise any other remedy in respect of) any of the debts covered by the order.

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A recent claim and subsequent costs order has again highlighted the financial risks that many Litigants In Person (‘LiPs’) face when taking legal action with professional representation or appropriate legal expenses insurance.

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Latest News

  • Following recent Supreme Court rulings in two professional negligence cases, the Court has outlined a “wholly new legal roadmap” for professional negligence claims made in England and Wales. As a result, the Professional Negligence Lawyers Association (PNLA) have said that existing claims will now need to be reviewed, stating that “for many there could be a substantial impact on the likely chances of success and the assessment of financial loss”.The cases in question are Khan v Meadows [2021] and Manchester Building Society v Grant Thornton UK LLP [2021]. The first case centred on whether a medical expert, who failed to diagnose that a mother carried the haemophilia gene, was liable for the costs associated with her son’s autism as well as his haemophilia, whilst the second case concerned whether accountants Grant Thornton were liable for the costs of a building society... Read More

  • A recently failed business claim that was dismissed at court has once again highlighted the many pitfalls and legal complexities facing litigants in person (LIPs – that is, individuals taking legal action without professional representation from a solicitor or barrister). The claim in question - Daly & Anr v Ryan & Anr. 2021 - concerned an individual businessman who had a costly judgment entered against him simply because he had repeatedly failed to abide by the rules. Read More

  • Latest statistics from the Solicitors Regulation Authority (SRA), who are responsible for the regulation of solicitors and law firms in England and Wales, confirm what many in the profession have been predicting for a while; that law firms are accelerating the consolidation process as they begin to embrace new ways of working. Read More