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The Supreme Court of Victoria declined to allow a 25% contingency fee. The decision represents the first time the court has used its power to make a Group Cost Order—which the court determined was preferable to a “no win, no fee” arrangement. This content is for 1-3 Team Members, 7 Day Trial, 4-10 Team Members, 4-10 Team Members (Sponsored Member), 11-20 Team Members, 11-20 Team Members (Sponsored Member), $695 One Time Membership Rate Lock, Single…
A class action has been launched against insurer IAG after it denied business interruption claims related to COVID-19. The case has been likened to a test case in Australia. This content is for 1-3 Team Members, 7 Day Trial, 4-10 Team Members, 4-10 Team Members (Sponsored Member), 11-20 Team Members, 11-20 Team Members (Sponsored Member), $695 One Time Membership Rate Lock, Single Subscription, Additional 1 User, Additional 2 Users, Additional 3 Users, Additional 4 Users,…
In the early days of litigation funding, legal firms and funders were separate entities. As the industry has grown more widely accepted, an increasing number of law firms are teaming up with funders to offer clients an array of new services. Now some are questioning whether this is really a positive development. This content is for 1-3 Team Members, 7 Day Trial, 4-10 Team Members, 4-10 Team Members (Sponsored Member), 11-20 Team Members, 11-20 Team…
Two men charged with pressuring hundreds of female patients into removing pelvic mesh implants—ostensibly to raise the payout in personal injury claims against device manufacturers—pled guilty to violations of the Federal Travel Act. This content is for 1-3 Team Members, 7 Day Trial, 4-10 Team Members, 4-10 Team Members (Sponsored Member), 11-20 Team Members, 11-20 Team Members (Sponsored Member), $695 One Time Membership Rate Lock, Single Subscription, Additional 1 User, Additional 2 Users, Additional 3…
LegalPay, a start-up focused on third-party litigation finance, has announced the successful closure of its maiden litigation fund. The Arbitration Focused SPV I, a smaller ticket special purpose vehicle (SPV), designed for upper-retail investors, was launched last month, and has now been oversubscribed, a LegalPay statement said. The SPV I was launched to create a pool of 8-12 legal cases to ensure diversification of capital, while minimising risk for the smaller fraction of investment. The…
For the last five years, Lake Whillans and Above The Law have joined forces on a survey detailing the awareness and favorability of third-party legal funding. This year represents the first finding since the onset of COVID as a global emergency. Overall, it found that the percentage of respondents who had first-hand experience with TPF remained about the same. This content is for 1-3 Team Members, 7 Day Trial, 4-10 Team Members, 4-10 Team Members…
It stands to reason that litigation funders and big corporations would be at odds over class actions. After all, it’s often funding that makes pursuing these cases possible. Third-party funding provides the tools needed for people harmed by companies or governments to seek restitution. These large entities, and those who insure them, may not be used to this kind of accountability–and blame funders for increasing access to justice. This content is for 1-3 Team Members,…
Legal funding is an established and respected industry in Australia. It’s continually expanding and adapting to meet the needs of an increasing client pool. Leading funder Burford Capital has received and vetted more than 10,000 funding requests. This content is for 1-3 Team Members, 7 Day Trial, 4-10 Team Members, 4-10 Team Members (Sponsored Member), 11-20 Team Members, 11-20 Team Members (Sponsored Member), $695 One Time Membership Rate Lock, Single Subscription, Additional 1 User, Additional…
Keller Lenkner is turning heads in the legal community of late. The boutique law firm has doubled in size since the start of the pandemic, and has also opened two new offices. The firm seeks out complex cases, often class actions, where it can make a big impact in the lives of people. Before founding Keller Lenkner, the founders launched Gerchen Keller Capital—a litigation finance firm later sold to Burford Capital. This content is for…
The 2021 Tribeca Capital Group Scholarship has concluded, with Joshua Victor declared the winner for his insightful essay on whether litigation finance expands access to justice. His conclusion is that the practice doesn’t always mean justice for those who would otherwise miss out on equitable representation. Victor’s essay highlights three main areas where he thinks lawsuit loans can be a hindrance: “because it causes bias among lawyers…, may lead to misjudged cases, and may lead…