Increasing the cost of litigation could knock the “very valuable” appeal of the English court system to foreign litigants. Writing in this week’s NLJ, Hogan Lovells’ partner Nicholas Heaton questions the wisdom of hikes in court fees: “If the government has its way, in the face of virtually unanimous opposition during the consultation process, some commercial court litigants will have to pay fees six times as high as current fees—not all commercial court litigants are Russian oligarchs.”
23 May 2014
What price change?
MOVERS & SHAKERS
Signature Litigation—Catherine Naylor
International fraud and asset recovery offering boosted by partner hire
Stevens & Bolton—Alexa Payet
Private wealth disputes team adds contentious probate specialist
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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