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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. The report also shined a light on the need for commercial litigation funders to be highly selective when providing funding for case, with LCM eventually backing just 3% of 419 applications over a 12 month period. As of June this year the company, founded in 1998, had 29 live ‘projects’, a mix of insolvency, arbitration, commercial and class actions, with... Read More

  • Recently published statistics from Quanta Capital, a London-based litigation funding provider, has revealed a significant increase in the number of parents who, having previously provided their children with finance to buy homes, are now resorting to formal legal action to recover their money. Instances of such claims have increased six-fold over the past five years, with UK Courts now seeing an average of 14 cases per month. The legal fees involved in these actions can be extremely high; a recent case which saw parents intervening in a property sale to prevent their estranged daughter-in-law benefitting from the sale of their sons house following a divorce ended up with the parents losing and paying over £380,000 in legal fees. Evidence from legal experts who specialise in family property disputes supports the Quanta Capital findings, with some reporting a three-fold increase in similar litigation... Read More

  • It’s an unfortunate fact of business life that at some point, you may need to take formal legal action to recover monies owed to you or your business. There are two main approaches to collecting such debts; direct legal action through the courts, or appointing an external debt collection agency. The advantage with using a good debt collection agency is that as well as this being their area of expertise, it also keeps the debt problem at ‘arm’s length’ from your own business and may be the best way forward should you also want to maintain good commercial relationships with the debtor. It is important that you take time to choose your debt collection agency carefully to ensure you receive the appropriate level of service you require to solve your business debt problems. Our top tips when choosing a debt collection agency: 1. Are they... Read More