Corporate counsel report that only eight per cent of external lawyers “always” keep within budget, according to a survey by dispute resolution funder Vannin Capital. Some 14% of corporate counsel said their external lawyers never set a budget. 64% of corporate counsel say their litigation spend has increased in the past two years, and 56% said they had at some stage not pursued meritorious claims due to the costs of bringing an action. The survey results are revealed in the second report of Vannin’s Funding in Focus series.
11 November 2015
Funding figures
MOVERS & SHAKERS
Katten Muchin Rosenman—Charlotte Hill
Katten strengthens financial markets and funds group in London
Hugh James—Keith Cundall & Lee Hart
Hugh James expands national Serious Injury team with two new Partners
HFW—Rémi Ducloyer
HFW continues Paris office growth with public law Partner hire
NEWS
The Court of Appeal's decision in Mazur v Charles Russell Speechlys LLP has lifted months of uncertainty for Chartered Legal Executives while prompting a rethink of regulation and supervision
The assisted dying debate returns to Westminster as Lauren Edwards MP reintroduces legislation that stalled in the House of Lords last session despite clearing the Commons
A little-noticed provision of the Crime and Policing Act 2026 has fundamentally expanded corporate criminal liability
Artificial intelligence is transforming legal practice, but careless reliance on it is creating growing professional risks
The law offers cohabiting couples surprisingly greater protection after one partner dies than when they separate during life
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