The UK High Court has warned about the potential unfairness to defendants facing a claimant operating ‘risk-free’ under a damages-based agreement (DBA) and backed by after-the-event (ATE) insurance. More from Legal Futures.
The UK High Court has warned about the potential unfairness to defendants facing a claimant operating ‘risk-free’ under a damages-based agreement (DBA) and backed by after-the-event (ATE) insurance. More from Legal Futures.
A number of large UK commercial law firms will fall into the hands of US private equity investors next year, according to Steve Din of Doorway Capital, which owns national firm Simpson Millar. Mr Din said the DBA regulations had previously discouraged many law firms, but litigators were now increasingly looking at them “as a mainstream way of funding litigation”.
An unnamed litigation funder is backing a multi-million pound claim in the UK against IP law firm Mark & Clerk, alleging that it “grossly overcharged” thousands of small businesses by operating a “secret commissions scheme” with IP management business CPA Global. The representative action has been brought by Commission Recovery Ltd (CRL). Signature Litigation is acting for CRL.
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