lawgazette.co.uk

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Court rejects Slater and Gordon bid to end costs recovery cases

Lawyers chasing personal injury firms over the deductions from former clients’ damages have been handed a huge boost after a UK costs judge rejected an application by the law firm Slater & Gordon to have claims from its former clients stayed. The cases centre around the so-called 'secret' profits received by the firm as commissions from ATE insurance premiums. There are likely to be hundreds of other similar cases pending this decision against other PI firms.

In focus: Class action lawsuits go mainstream

Keller Lenkner UK lawgazette.co.uk LionFish Litigation Finance PGMBM

Class actions lawsuits are going mainstream, aided by litigation funding that has shrugged off its champertous past and is flying the flag for social justice. As more mega-claims hit London courts, however, the practicalities of how group litigation is managed and paid for needs to keep up with changing attitudes – or risk undermining the model’s new-found reputation.

Ex-boss of London PI firm struck off over unpaid loans

lawgazette.co.uk

The former boss of a collapsed London personal injury firm has been struck off after admitting to taking funding for the same cases from different lenders.

Banks face £1bn class action over forex rigging

lawgazette.co.uk Therium

Therium is backing a potential £1 billion class action in the UK against major banks that were fined for rigging the foreign exchange market. Barclays, Citigroup, JP Morgan and RBS were fined more than €1 billion by the EU’s competition watchdog in 2019 after a five-year investigation revealed market rigging between 2007 and 2013. The banks now face a group claim brought by pension funds, asset managers, hedge funds and corporates from around the world who were affected by the forex cartels. The Competition Appeal Tribunal is deciding whether to issue a collective proceedings order, allowing the action to proceed to the next stage of litigation.

Junior barristers’ win rates almost on par with QCs, say researchers

lawgazette.co.uk

Litigation analytics, a tool growing in popularity and already being deployed by several litigation funders, can reveal interesting legal trends and insights; a recent study of 5,000 judgments from the past decade has revealed that junior barristers' win rates are almost on par with QCs.

PGMBM enters funding partnership with North Wall Capital

lawgazette.co.uk North Wall Capital PGMBM

PGMBM, an international law practice with British, American and Brazilian lawyers, has entered into a £45m funding partnership with North Wall Capital, an ‘alternative investment firm’. The investment brings the total capital raised by PGMBM to over £100m and will be used to fund group and class-action litigation, antitrust and alternative dispute resolution.

Litigation Finance Insider

Litigation Finance Insider

lawgazette.co.uk

Court rejects Slater and Gordon bid to end costs recovery cases

In focus: Class action lawsuits go mainstream

Ex-boss of London PI firm struck off over unpaid loans

Banks face £1bn class action over forex rigging

Junior barristers’ win rates almost on par with QCs, say researchers

PGMBM enters funding partnership with North Wall Capital

Recent Fundings

IVO Capital backs €6 billion claim against TikTok

Up to £45 million of ‘Follower Notice’ penalties liable to be repaid by HMRC

PGMBM and SPS Capital invest additional capital into BHP case

ICP backs class action against insurer

Funder News

Pretium establishes legal opportunities investment team

LionFish commits £8.0 million to 10 cases

Maya Steinitz named to endowed position

LegalPay closes first arbitration-focused investment vehicle

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