The value of UK competition class-actions surged six-fold over the past year, from £4bn in 2021 to £26bn in 2022, research by Thomson Reuters shows, following the filing of a series of multi-billion-pound funded claims against some of the world’s biggest tech companies, including Apple, Google and Sony.
Higher interest rates will subdue not only the recent boom in law firm partner hires, but may also dampen the litigation funding market as the private equity funds that back litigation funders begin to suffer, a new report warns.
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