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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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Subscribe to this list via RSS Blog posts tagged in no win no fee corporate compensation

Despite the recent revelations highlighting the extent of the delays and backlog of cases in UK courts, the latest set of financial results by specialist litigation funder Manolette suggests that demand is still increasing and that the litigation funding sector is in rude health, with new enquiry volumes doubling compared to the previous year.

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A recent independent report by London-based litigation analytics specialists Solomonic has highlighted a fall in the number of litigation actions taking place in the UK’s commercial courts, following steady growth in the preceding five previous years.

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The Covid-19 coronavirus crisis has gripped the UK for the past couple of months, impacting greatly on all areas of life from frontline healthcare through to closed businesses and furloughed staff. The effect on economic activity has been, and will continue to be, seismic; but as living in the Covid-19 world starts to become ‘the new normal’, what are the an individual’s or a businesses’ legal rights when it comes to goods and services that have not been received or that have been cancelled due to the pandemic?

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In news that has pleased the stock market in London, litigation funding providers Burford Capital have recently announced that the class action claim made by its investors has been abandoned. The class action claim had originally been made via by New York based investor claims specialists Rosen Law, with the legal action alleging that Burford, one of the world’s largest litigation funders, had made false and/or misleading statements on its financial returns.

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A recent costs hearing at the High Court in London has revealed the extent of the legal costs already accumulated in the high-profile Bates v Post Office litigation action. The class action claim, backed by litigation funders Therium Capital, involves over 500 former subpostmasters and mistresses who are claiming that the Post Office, following the implementation of a new IT system called ‘Horizon’, incorrectly blamed them for apparent shortfalls in branch accounts.

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Recently published figures from a litigation funder LCM has highlighted the increasing trend in the use of external litigation funding to support commercial legal actions both in the UK and in other international jurisdictions.

Australian-based LCM’s annual report (to 6/19) shows a 17% year on year increase in revenues revenue17% to A$35m (£19m), with a 23% increase in gross profit to A$20m. LCM’s shares, launched on London’s AIM at 52p last December had reached a high of 116p in April 2019.

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A recent landmark decision by the UK’s Supreme Court has ruled that Vedanta Resources, a UK-based mining business and its Zambian subsidiary Konkola Copper Mines (KCM), can face legal action and claims bought by Zambian citizens, despite the companies’ long-standing argument that any such claims should be bought in Zambia itself.

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Latest News

  • New data recently published by the The Solicitors Regulation Authority’s (SRA) has revealed that complaints made against law firms in the UK have seen a 9% increase based on the previous year. The new data, based on the most recently available figures for 2019, show that there were just under 30,900 ‘first tier’ complaints received, compared to just under 28,300 in 2018. Legal sector analysts have suggested that new changes in transparency laws, introduced at the end of 2018, may have contributed to the higher numbers with law firms now being compelled to publish details of how and when their clients lodge complaints. Overall, Law firms managed to resolve 80% of all complaints themselves, slightly less than 2018 but a big improvement on 2012 data where 71% of complaints were resolved without recourse to the regulator or formal legal proceedings. Delays, advice... Read More

  • Business at all levels is underpinned by contracts. These can range from simple verbal agreements for low value transactions through to complex and detailed written agreements between corporations and governments. To save on the risk of future avoidable legal actions, writing a contract that is suitable for the transaction or agreement is key. A contract is a pledge, between two or more parties (be they individuals or organisations), that is legally binding. It is designed to the fulfilment of commitment in exchange for something of value. Whilst some contracts may be made verbally, there are some that must be in writing, such as for a property transaction. Contracts – why are they important? A contracts is designed to make sure that ensure that your position and interests are protected by law and that both parties understand that there is a clear and... Read More

  • As part of the UK government’s attempts to speed up the processing of claims that have been affected by the Covid-19 pandemic, the Ministry of Justice (MOJ) has recently announced the location of the first ten temporary courts.Dubbed ‘Nightingale Courts’ after the emergency intensive care hospitals that were set up in record time during the pandemic’s peak, the new, temporary will hopefully be finished and in use by the end of August. The first such court, at East Pallant House in Chichester, Sussex, is due to open by the start of next week. The new locations opening soon are: • East Pallant House, Chichester – for civil litigation and family cases• Hertfordshire Development Centre, Stevenage – for civil cases• Cloth Hall Court, Leeds – civil trial work and Business and Property cases• Middlesbrough Town Hall – initially civil hearings, later to... Read More