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NLJ this week: Third party funding - a litigation lifeline?

06 August 2020
Issue: 7898 / Categories: Legal News , Profession , Covid-19
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As the economic fallout from the COVID-19 pandemic gathers speed, the litigation finance industry is in a position to provide a lifeline, Simon Davenport QC and Daniel Goldblatt, 3 Hare Court, and Sergey Litovchenko, Bivonas Law, write in this week’s NLJ

They explain how lawyers and their clients can best position themselves to apply for and negotiate third party litigation funding. As demand for their services increases, funders are likely to become more discerning and to charge more for their services.

Davenport, Goldblatt and Litovchenko examine what third-party funding involves, how to get it, what the typical costs are, and recount their experience of applications involving Russian and CIS clients.

Read more 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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