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Hedge Funds to Finance Law Suits
Class action law suits are major source of financial 'arbitrage', enormous potential rewards but difficult to finance due to rules governing law firms, so hedge funds are moving in 19.07.06 Financial Times, Costs, Hedge Fund Regulation
Claims Firms
Datamonitor survey shows three-quarters of claims firms will close down if they need to be registered, as planned in Compensation Bill 18.04.06 BBC, Compensation Law, Personal Injury
CFA Libel Cases
Sharon Stone to follow Naomi Campbell in using CFA to pursue dubious libel claim, risk of having to pay double costs in success fees is 'chilling' the media 30.09.05 Guardian, Libel Links, Media Law Links
Costs
Lawyers for Mirror argue costs claim by Schillings, who represented Naomi Campbell in privacy case, for £280k 'success fee' is breach of human rights 27.05.05 Telegraph, Costs Links, Naomi Campbell v MGN Links
CFA Rules
Simplifying rules on CFA is to be welcomed, but shifting them from regulations to practice directions is not enough, indemnity principle needs to be abolished. 26.07.04 Butterworths
CFAs
DCA is to run a talkshop on conditional fee agreements, follows discussion paper published last week . 09.07.04 DCA Press Release
Success Fees
Civil Justice Council has settled on CFA success fees, 100% in cases that go to trial, 25% for settled cases 16.06.04 Lawyer, Barrister Practice Links, Costs Links, Solicitor Practice Links
Success Fees
DCA has issued statement on fixed success fees, due to apply from 1 June through Civil Procedure (Amendment No 4) Rules 2003 . 28.05.04 DCA Press Release, Costs Links
Compensation Culture
Claims management firms need to create code of practice or face legislation, says report by Better Regulation Taskforce, limit on injury claim advertising, 'serious alternative' to CFA needed 28.05.04 BBC, BRTF Press Release, Better Routes to Redress Report, DCA Press Release, HSE Press Release, Health & Safety Links, Personal Injury Links
CFA Rules
New rules on CFAs and CCFAs, death or bankruptcy of client . 03.02.04 DCA Press Release, Regulation