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23 February 2024 / Joseph Evans , Simon Heatley
Issue: 8060 / Categories: Features , Litigation funding , Procedure & practice
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Post-PACCAR: truckloads of litigation-funding developments

160022
Joseph Evans & Simon Heatley talk PACCAR, PlayStation & the Post Office—and what’s further down the road for litigation funding
  • Considers recent litigation funding cases in the context of the PACCAR decision, and predicts what’s next for the industry.

Since the Supreme Court gave judgment in R (on the application of PACCAR Inc and others v Competition Appeal Tribunal and others [2023] UKSC 28 in July 2023, there has been much debate on the impact of the decision. Now the dust has started to settle, we are beginning to see judicial challenges arising under PACCAR, with litigants seeking to establish that existing litigation funding agreements (LFAs) fall within the ambit of PACCAR as non-compliant damages-based agreements (DBAs) with mixed success. At the same time, with the Post Office Horizon IT inquiry highlighting the key role litigation funding can play in providing access to justice, the government has stated that it intends to reverse the ‘damaging effects of PACCAR at the first legislative opportunity’.

Litigation funders believe

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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
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