Mishcon de Reya launches new £150m litigation financing unit September 8, 2021 Law firm Mishcon de Reya has today announced plans to launch a new litigation funding unit with Harbour, one of the biggest litigation and arbitration funders in the world. The new venture, known as MDR Solutions I, will be used to assess and finance prospective litigation and arbitration cases originated by Mishcon de Reya clients [...]
Axiom founder sentenced to 14 years in prison over £100m ‘no win, no fee’ investment fraud August 11, 2022 The founder of a Cayman Islands headquartered fund, that bankrolled ‘no win, no fee’ lawsuits, has been jailed for 14 years for using millions in investors cash to finance his own extravagant spending habits. Axiom Legal Financing Fund founder Timothy Schools was today sentenced to 14 years in prison at a hearing at Southwark Crown [...]
Law firms face pressure to cut costs and offer ‘no win, no fee’ payment schemes March 24, 2022 An overwhelming majority of the UK’s biggest law firms are now facing pressure to cut the costs of their services, according to data shared exclusively with City A.M. Nine-in-ten partners in law firms with turnovers of more than £500m a year said they are facing pressure to reduce costs and use different billing arrangements, a [...]
City Exclusive: How rising legal star Natasha Harrison is taking on London’s Magic Circle firms January 12, 2023 As 2022 has come to a close, City lawyers undoubtedly remember last year as the time the pay war among London’s biggest firms heated up in earnest, as the war for talent reached new highs. But away from the Square Mile’s biggest legal teams, 2022 will also go down as an incredibly exciting year for [...]
Tory backbencher calls on government to close ‘loopholes’ letting London firms work for the Kremlin April 11, 2022 Tory backbencher Kevin Hollinrake has called on the government to close the “loopholes” that have allowed UK professional services firms to continue carrying out bankruptcy proceedings on behalf of the Russian state. In a letter to Rishi Sunak, the Conservative party MP accused accountancy giant Grant Thornton, litigation funder Harbour, and London law firm CMS [...]
Ed Warner: Sport leaders need open minds to grapple with entertainment age December 14, 2023 Have I gone from yuppie embracer of innovation to risk-averse lover of the scene, wonders our columnist?
As we cut Russia off from our markets, we must also crack down on Western enablers May 20, 2022 During the nearly four year investigations into Russia’s efforts to interfere in the 2016 US elections, it became glaringly obvious the extent to which malign campaigns from Russia are in fact enabled by actors in the West. Bipartisan staff on the Senate Select Committee responsible for the inquiry became increasingly jaded by the depth of [...]
Litigation funders’ cash pipeline hits £2bn for the first time amid growing popularity April 28, 2021 The value of the pipeline of court cases and cash held by top UK litigation funders has hit £2bn for the first time as the asset class grows in popularity. The value held by litigation funders has rocketed in recent years, according to data by law firm RPC, with funding doubling in three years from [...]
We have to speak out, so we can build up April 27, 2023 In his debut column for Crypto AM, Philip Vasquez - co-founder of Damex.io - introduces The Damlex Journals - an honest view of digital assets.
Burford Capital cashes in with £75m for role in high-profile Russian divorce battle July 16, 2021 Partners at Burford Capital, the City firm that backed the ex-wife of a Russian billionaire in her High Court divorce battle, have been paid £74.6m for their role in the high profile case. The financier, which funds claimants in legal disputes with the aim of taking a cut of any settlement, told the London Stock [...]