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”. More from Legal Futures.
Law for Change, a community interest company, is seeking donations from litigation funders for public interest cases which “clarify the law” and are unsuitable for crowdfunding.
Manolete has succeeded in defending an application for summary judgment brought by a law firm it is suing for wrongly releasing £2m held in escrow among other alleged errors.
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