header-logo header-logo

26 May 2023
Issue: 8026 / Categories: Legal News , Litigation funding , Legal services
printer mail-detail

NLJ this week: A revolutionary development in litigation funding

123321
Litigation funding is evolving beyond single-case litigation, Maurice MacSweeney, director of legal finance & sales planning at Harbour, writes in this week’s NLJ.

‘The most recent development is perhaps the most revolutionary—litigation financiers becoming funders to law firms or other legal businesses, and for purposes not necessarily linked to litigation,’ MacSweeney writes.

He outlines the developments afoot and the huge potential this affords, noting that legal financiers have a ‘deep understanding of the requirements of law firms’. 

Read more on the evolution of litigation funding here.

MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
back-to-top-scroll