Blog Archives
Burford Capital Equity Project: Closing the Gender Gap in the Legal Field
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Date: May 25 2020
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It’s a stressful time for legal professionals right now. Court delays, financial pressure, the inconveniences of remote working, and a huge influx of cases is keeping firms on their toes. One might be tempted to set aside projects that seem less time-sensitive, like diversity initiatives. But in reality, the time to focus on diversity is now.
Are Common Fund Orders Uncommonly Messy?
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Date: May 25 2020
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Litigation Finance has become a booming industry in recent years. While that’s provided untold opportunities to firms and justice-seeking plaintiffs alike, not everyone is in agreement with what the rules should be. Perhaps most contentious is the subject of common fund orders. In short, this is the policy of requiring every member of a class action group to pay a percentage of their award to the funder—even if they did not agree to that when signing on.
Hospitality Insurance Group Action Sets Sights on Aviva and QBE
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Date: May 25 2020
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Hospitality Insurance Group has determined that it will be focusing on two insurers in its upcoming class action. These are Aviva and QBE. The firm Mishcon de Reya and lead counsel Philip Edey QC are expected to look at roughly 500 insurance policies that purportedly cover business interruption.
Is There Room for Improvement in Origination Credit?
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Date: May 25 2020
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Origination credit is a long-standing practice at many law firms—especially older, more established ones. Some say, however, that the very idea is outdated and holds back growth and diversity. It behooves clients to understand how origination credits work at the firm of your choice and to consider whether their method comports with your own idea of fairness.
Coronavirus is Changing the Landscape of Litigation Finance
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Date: May 25 2020
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It’s a foregone conclusion that litigation funding will be in high demand for some time—even after precautions against Coronavirus are behind us. Moving forward, it’s vital to pay close attention to trends in Litigation Finance and how they’re changing before our eyes.
Community Justice Fund Established by Therium Access & Partners
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Date: May 25 2020
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Therium is a household name in the world of Litigation Finance, and with good reason. As a prominent funder, they’ve expanded access to justice for countless ordinary citizens. Now, Therium has teamed up with five foundations to establish the Community Justice Fund. Its purpose is to provide grants in support of social welfare during and after the Coronavirus pandemic.
ASIC Abandons Effort to Recover Missing Winley Insurance Group Money
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Date: May 25 2020
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It was big news when over $8MM went missing from the trust account of Winley Insurance Group. Early investigations by RSM Australia Partners detailed that the money went missing between December 2013 and January of 2016. The company stopped trading in April 2016 after Jeff Bailey determined that the money was missing. He then resigned before being banned from the entire industry by ASIC.
Litigation Finance to Maintain Momentum During and Post-COVID-19
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Date: May 25 2020
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Everything we know about the business world is changing, in no small part due to the Coronavirus. Retail outlets, restaurants, bars, theaters, and even insurance companies are feeling the crunch caused by stay-at-home orders, supply shortages, and staffing woes. Yet through it all, Litigation Finance is enjoying a surge of opportunity.
UK Litigation Funding Trends
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Date: May 25 2020
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It’s a common belief that Litigation Finance is used mainly for class action suits. That’s one facet of lit fin, but it’s far from the only one. The expansion of litigation funding has led to an increase in contingency cases—even in large firms—as well as David-v-Goliath legal battles.
Parties Cut Losses in Myer Shareholder Class Action
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Date: May 25 2020
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Myer, the largest retailer in Australia, was on the precipice of defending a major class action against a group of investors. Suddenly, litigation funder Mark Elliot died in a car accident, and the team wasn’t sure if or how to move forward. Should they give up and cut their losses? The answers would lie in a report Elliot ordered a week before his untimely death.
