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NLJ this week: Regulators circling as litigation funders celebrate success

28 April 2023
Issue: 8022 / Categories: Legal News , Litigation funding , Regulatory
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Litigation funders have enjoyed a relatively easy regulatory ride so far, but are the good times coming to an end? 

David Greene, NLJ columnist and senior partner at Edwin Coe, writes in this week’s issue that ‘litigation funding is coming under ever closer scrutiny—derived perhaps from its success—and faces challenges in its structure and workings that will cause changes and, perhaps for some less robust funds, demise’.

Looking into the implications of this, Greene notes that the Post Office sub-postmasters’ litigation ‘would not have seen the light of day—at least in the dramatic way it did—but for the funding from litigation finance provider Therium’.

He also covers the Voss Report in Germany, the approach the authorities take to the regulation of litigation funding in other jurisdictions such as Australia and Ireland, and the approach likely to be taken in the UK. 

Read Green's full comment piece here.

MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
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