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NLJ this week: Litigation funding, big money & commoditisation

11 November 2022
Issue: 8002 / Categories: Legal News , Litigation funding , Regulatory
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NLJ columnist Roger Smith, former director of JUSTICE, looks at the area of third-party litigation funding in this week’s issue. It’s an area that has been subject to rapid change, now providing funding to the tune of more than £2bn.

Currently, EU regulatory proposals are causing concern in the market. What regulation should apply? What potential concerns does this commercial practice create?

Smith writes: ‘Third-party funding is part of prudent commercial practice. Nothing is necessarily wrong with that. But we have to acknowledge that law, justice and the courts are being commoditised.’ See p6.

See Roger Smith's opinion piece in full here.

MOVERS & SHAKERS

Freeths—Ruth Clare

Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS
Conveyancing lawyers have enjoyed a rapid win after campaigning against UK Finance’s decision to charge for access to the Mortgage Lenders’ Handbook
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
A Competition Appeal Tribunal (CAT) ruling has reopened debate on the availability of ‘user damages’ in competition claims. Writing in NLJ this week, Edward Nyman of Hausfeld explains how the CAT allowed Dr Liza Lovdahl Gormsen’s alternative damages case against Meta to proceed, rejecting arguments that such damages are barred in competition law
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