Latest News From The Annecto Legal Team
Keep up to date with all relevant and important news and articles from our team here at Annecto Legal.
Shareholder Disputes: Managing risks in shareholder disputes
Shareholder Disputes: Managing risks in shareholder disputes Shareholder Disputes: Managing risks in shareholder disputes In business agreements, the possibility of conflicts between directors and...
The Benefits of Using a Legal Expenses Insurance Broker for Insolvency Cases
The Benefits of Using a Legal Expenses Insurance Broker for Insolvency Cases The Benefits of Using a Legal Expenses Insurance Broker for Insolvency Cases A legal expenses insurance broker is a...
Director Misfeasance: Funding Insolvency Disputes
Director Misfeasance: Funding Insolvency Disputes Director Misfeasance: Funding Insolvency Disputes In the complex landscape of corporate insolvency, insolvency practitioners play a pivotal role in...
What is Legal Finance, and Why Should You Consider it?
What is Legal Finance, and Why Should You Consider it? What is Legal Finance, and Why Should You Consider it? In the fast-paced and often litigious world of modern business, corporations and legal...
Meeting Insolvency Practitioners’ Obligations to Creditors Using Litigation Funding
Meeting Insolvency Practitioners’ Obligations to Creditors Using Litigation Funding Meeting Insolvency Practitioners’ Obligations to Creditors Using Litigation FundingLicensed insolvency...
Bankruptcy Litigation Funding and Insurance Options
Bankruptcy Litigation Funding and Insurance Options Bankruptcy Litigation Funding and Insurance Options Bankruptcy litigation refers to the legal proceedings surrounding the declaration and...
Arbitration Funding: Alternative Dispute Resolution
Arbitration Funding: Alternative Dispute Resolution Companies, both in the UK and internationally, often opt for commercial arbitration as an alternative to costly litigation and court proceedings...
PACCAR Supreme Court Judgment – Uncertainty for Litigation Funders
PACCAR Supreme Court Judgment - Uncertainty for Litigation Funders The recent PACCAR Supreme Court decision is anticipated to have a negative impact on litigation funders, threatening the...
Bounce Back Loan recovery following insolvency or liquidation
Bounce Back Loan recovery following insolvency or liquidation Bounce Back Loan recovery following insolvency or liquidationBounce Back Loans Bounce Back Loans were established as part of the...
Security for Costs: A Defendant Tactic
Security for Costs: A Defendant Tactic Security for Costs: A Defendant TacticWhat is security for costs? Security for costs is a legal concept that allows a defendant in a civil case to request that...
Attracting commercial law clients using funding and insurance options
Attracting commercial law clients using funding and insurance options Attracting commercial law clients using funding and insurance optionsIn the highly competitive commercial dispute resolution...
The Impact of Commercial Litigation on a Business Balance Sheet
The Impact of Commercial Litigation on a Business Balance Sheet The Impact of Commercial Litigation on a Business Balance SheetWhen considering the risks of commercial litigation, one of the main...
Litigation Risks and Informed Consent on Legal Costs
Litigation Risks and Informed Consent on Legal Costs Litigation Risks and Informed Consent on Legal CostsIn the realm of legal proceedings, litigation risks constitute a pivotal aspect that both...
Professional Indemnity Insurance Renewal Challenges
Professional Indemnity Insurance Renewal Challenges Professional Indemnity Insurance (PII) renewals have become increasingly arduous for solicitors. Many firms are facing substantial premium...
Funding insolvency litigation: Some basics
Funding insolvency litigation: Some basics What is after-the-event (ATE) legal expenses insurance? Litigation is inherently risky. If a claim is unsuccessful the Claimant may have to pay the...
Extension of Fixed Recoverable Costs for Civil Claims
Extension of Fixed Recoverable Costs for Civil Claims Extension of Fixed Recoverable Costs for Civil ClaimsThe extension of fixed recoverable costs is due to come into force in October 2023, and...
ATE Insurance with Anti Avoidance Deemed Valid Security for Costs
ATE Insurance with Anti Avoidance Deemed Valid Security for Costs The High Court has recently confirmed that an After the Event (ATE) insurance policy with anti-avoidance wording could be used as...
Appealing HMRC Penalties and Funding your Case
Appealing HMRC Penalties and Funding your Case Although many small businesses and the self-employed do their best to avoid it, they can sometimes receive a penalty notice from HMRC for...
Commercial Court fees: Help with paying your fees
Help With Paying Your Commercial Court Fees Having adequate resources to fund a commercial dispute is crucial for any party attempting to resolve it, regardless of the outcome. If no alternative...
ATE legal expenses insurance: What is it, and do you need it?
ATE Legal Expenses Insurance : What is it, and do you need it? ATE Legal Expenses Insurance : What is it, and do you need it?In today's economy, commercial disputes are commonplace and can arise...
ATE for Commercial Disputes: How Annecto Legal can assist
ATE for commercial disputes: How Annecto Legal can assist ATE for commercial disputes: How Annecto Legal can assistDepending on the outcome of a commercial dispute, the potential costs can vary...
Own Sides Costs : Funding and Insurance
Own Sides Costs Own Sides Costs Litigation funding, in all its guises, is a constantly evolving sector with new products entering the market on a regular basis – some from well-established funders...
What does commercial legal expenses insurance cover?
What does commercial legal expenses insurance cover? What does commercial legal expenses insurance cover? Commercial conflicts are prevalent and can occur due to various reasons and considering the...
Alternative Litigation Funding for Commercial Disputes
Alternative Litigation Funding for Commercial Disputes Alternative Litigation Funding for Commercial DisputesCommercial disputes are a common occurrence and can arise for various reasons. Given the...
Third party funding for international commercial arbitration
Third party funding for international commercial arbitration Third party funding for international commercial arbitrationCompanies in the UK and abroad often turn to international commercial...
What is third party funding, and why should you consider it?
What is third party funding, and why should you consider it? What is third party funding, and why should you consider it?Legal costs can be a crucial factor in determining whether to bring or fight...
How Much is Legal Expenses Insurance? The Cost of ATE Insurance
How Much is Legal Expenses Insurance? The Cost of ATE Insurance How Much is Legal Expenses Insurance? The Cost of ATE InsuranceThe legal costs that arise when bringing a claim can be incredibly...
No win no fee funding: How it works
No win no fee funding: How it worksNo win no fee funding: How it worksIn litigation, a crucial factor when deciding whether to bring a claim is determining the legal costs involved. Any party that...
Legal Expenses Insurance Providers for Litigants
Legal Expenses Insurance Providers for LitigantsLegal Expenses Insurance Providers for LitigantsThe legal costs that come with bringing a claim can be high in many types of cases. These costs can...
Commercial litigation costs: Options for funding your case
Commercial litigation costs: Options for funding your caseCommercial litigation costs: Options for funding your caseCommercial litigation costs arise as a result of matters relating to commercial...
What is Legal Expenses Insurance?
What is Legal Expenses Insurance?What is Legal Expenses Insurance?The legal costs of bringing a claim can be incredibly high in many types of cases, especially commercial litigation. These costs can...
Help with litigation fees: Funding and insurance options
Help with litigation fees: Funding and insurance optionsHelp with litigation fees: Funding and insurance optionsEmbarking on litigation or arbitration can be inherently risky and may come with...
Security for costs application: Obtaining security for costs
Security for costs application: Obtaining security for costsSecurity for costs application: Obtaining security for costsWhen deciding to bring or fight a claim, an important factor is costs. Any...
Funding Legal Costs in Commercial Litigation
Funding legal costs in commercial litigationFunding legal costs in commercial litigationWhen deciding to bring or fight a claim, an important factor is costs. Any party that is seeking to resolve a...
Crypto fraud recovery: Victim recovers fraudulently obtained Bitcoin
Crypto fraud recovery: Victim recovers fraudulently obtained BitcoinCrypto fraud recovery: Victim recovers fraudulently obtained BitcoinIn recent years, there has been a massive rise in investments...
Reducing client costs, financial risks and generating cashflow for law firms pursuing litigation
Reducing client costs, financial risks and generating cashflow for law firms pursuing litigationReducing Client costs, financial risks and generating cashflow for law firms pursuing litigation...
Cash-flowing meritorious insolvency claims
Cash-flowing meritorious insolvency claimsCash flowing meritorious insolvency claimsIn life and in litigation we can always be certain of at least one thing: uncertainty. The International Monetary...
Security for costs and litigation funding
Security for costs and litigation fundingSecurity for costs and litigation fundingWhat is security for costs? It is the typical rule in litigation that the losing party will be ordered to pay...
What funding and insurance products should litigators be aware of for their clients?
What funding and insurance products should litigators be aware of for their clients?There are around twenty main markets for after-the-event (ATE) legal expenses insurance in the UK and thirty-plus...
Security for Costs and after-the-event (ATE) legal expenses insurance: Where are we now?
Security for Costs and after-the-event (ATE) legal expenses insurance: Where are we now?ATE and Security for Costs are in the spotlight again: The Court of Appeal recently overturned a High Court...
Is litigation funding what you think it is?
Is litigation fundingwhat you think it is?What does litigation funding mean to you? Mark Beaumont dispels the myths around funding insolvency litigation. Litigation funding means different things to...
How do you fund a lower value dispute?
How do you fund a lower value dispute?Commercial disputes worth between £100,000 and £1m: How do you fund them? There is a general assumption among many dispute resolution lawyers that lower value...
Stop worrying and learn to love the future
Stop worrying and learn to love the futureMark Beaumont looks at the need to address the adoption of new technologies in dispute resolution, in an article that appeared in Recovery magazine's Winter...
Litigation turned up to 11
Litigation turned up to 11One of the creators of ‘This is Spinal Tap’ is launching a £100M lawsuit against the multinational parent company of Universal Music and StudioCanal. The action accuses...
Funding Insolvency Litigation in 2016
Funding Insolvency Litigation in 2016Mark Beaumont explores the options for funding insolvency litigation in 2016. In early 2013, before the Jackson Reforms came into force, I recall senior people...
From ATE Underwriter to Broker – Tom Williams joins Annecto
From ATE Underwriter to Broker – Tom Williams joins AnnectoIt is now a month since I joined Annecto Legal, and in doing so, crossed the great divide from ATE Underwriter to Broker. I came in with...
Department for Communities and Local Government most sued government department
Department for Communities and Local Government most sued government departmentAnnecto Legal approached the 24 ministerial departments in order to collect data on the total number of proceedings...
Compensation for breach of contract
Unfortunately, disputes over contracts occur all too frequently in business life: sometimes the only option is to seek compensation for breach of contract via a legal route. The good news is that when it comes to disagreements over contracts, there is often a way to...
The true costs of commercial disputes – why you need access to dispute resolution solicitors
In business, as in life, we all face difficult and stressful situations from time to time. However, when it comes to commercial contract litigation, incidents of professional negligence and especially contentious shareholder disputes, these situations are often...
Banking negligence – securing justice
Banking negligence has always been an issue, however, the question of how to sue a bank for negligence, mis-selling or fraud would not have even been considered a few years ago… but that was before the scandals of PPI, interest rate swap mis selling, LIBOR and FOREX...
Beaumont advises IPs on swaps, caps and collars
Co-founder and director of Annecto Legal Mark Beaumont considers why insolvency practitioners should partner with IRHP mis-selling experts, to ensure creditors aren’t deprived of potential compensation, in the Winter 2015 edition of RECOVERY magazine. Read more....
5 tips to help SMEs litigate in the face of rising court fees
As of March 2015, proposed fee increases to a wide range of court proceedings were implemented by the government. These changes mean that any business wishing to claim a sum equal to or over £200,000 in court must pay an upfront fee of £10,000. This situation has been...
Is there a ‘right way’ to fund legal costs and avoid litigation risk?
Is there a ‘right way’ to fund legal costs and avoid litigation risk? Litigation funding can mean a number of different things, but in its broadest sense it is the means by which the legal costs of any particular case are paid for. It comes in many guises: whether...
Private prosecution costs – what you need to know
What is a Private Prosecution? Private prosecutions come into play either when statutory prosecution services such as the police or the Crown Prosecution Service (CPS) make the decision not to proceed with a criminal investigation, or when a private individual or...
Annecto Legal featured in The Lawyer
Annecto Legal director Mark Beaumont recently participated in a feature on rising costs of banking litigation for TheLawyer.com. As mentioned before on this blog, the increasing cost of litigation due to rising court fees is a bigger barrier to legitimate cases...
Annecto Legal featured in the Law Society Gazette
Annecto Legal's Mark Beaumont was recently interviewed by Rachel Rothwell of the Law Society Gazette for a feature on third party litigation funding and ATE insurance. You can read the full article on the Law Society Gazette website.
“I think I have a strong case, but I am reluctant to take legal action as I know it can be very expensive.”
Annecto Legal's commercial litigation funding expert Mark Beaumont offers advice to smaller businesses who are reluctant to seek legal redress in the face of rising court fees. It is a sad fact that throughout the course of life many individuals and businesses suffer...
On the rise: how much are court fees going to cost my business?
As court fees in the UK rise, Annecto Legal’s Michael Lent considers the effect this may have on smaller businesses looking to take a case to court, and the alternative funding options available. The British government has set out on a mission to improve the...
Not all funders are created equal…
You would think that litigation funding would be an easy sell: taking on all legal risks and costs to help businesses resolve a dispute should sound quite attractive to a firm faced with a legal challenge. But sadly there is an image problem. This is partly due...
A step-by-step guide to pursuing legal claims
Litigation is a minefield for small business owners. How are you to know which lawyer can get you the result you need, when everyone you speak to – pound signs in their eyes – is telling you they’re more than up to the task? How are you to manage spiralling financial...
The two faces of professional indemnity insurance
Professional negligence and professional indemnity insurance (PII) are closely related, and having a working definition of both is helpful before discussing the latter. When an individual fails to meet general standards of competence in their professional field of...
What you can do when you’ve been missold an IRHP product
It's a familiar, sad story: a large organisation considers itself above both the law and common decency, and so exploits smaller businesses – confident that its sheer size and power will allow it to act with impunity. In theory, we could be discussing negligence, IP...
Renowned British legal commentator and journalist cites Annecto Legal in speech to the CCUA’s House of Lords dinner
Before we get too far into April, we'd like to think back to last month - a big four weeks for Annecto Legal and the UK legal industry. In the face of widespread protest from businesses and lawyers, on 9th March the Government substantially increased court fees. The...
Michael Lent discusses court fees on BBC News
Annecto Legal's litigation funding and insurance specialist Michael Lent appeared on BBC News to share his thoughts on the recent hike in court fees. Despite widespread opposition from the legal and small business communities, the government's unpopular plans were...
Last Minute Victory for SMEs as Government U-Turns on Plans to Ban “No-win No Fee” Funded Claims to Recover Debts
At Annecto Legal, we have long been concerned about the impact of the Government's proposed ban on 'no-win no-fee' funding models for insolvency cases. This ban was a provision of LASPO 2012, scheduled to come into force this April. It would have...
Reminder: LASPO to apply to insolvency proceedings from April 2015
Introduced in April 2013, the Legal Aid Sentencing and Punishment of Offenders Act 2012 (LASPO) made it impossible for creditors to recover success fees and After the Event (ATE) premiums from their opponents – with insolvency claims being a temporary exception. In...
Why every business needs a firm grasp of negligence
In business and in life generally, we put a lot of trust in people: we rely on the fact that the people we work with will act professionally and carefully, and not make mistakes that cause us major damage. We also rely on many other simple things that are so obvious...
Why Commercial Insurance Brokers Should Get on the Litigation Funding Bandwagon
Every insurance broker wants to add value to their clients so that they can cement their business relationships. At the same time, they also need to generate sustainable revenue streams. Third party litigation funding offers you a golden opportunity to do both. It is...
Litigation – where to start
It's a cliché, but it's true: litigation can be a minefield if you're unfamiliar with the processes involved. If you're beginning to litigate, the legal system can often seem complex and alien, but with a little knowledge it really isn't that difficult to get your...
Alternative funding provides businesses with the legal armour they need
Litigation is uncertain and uncertainty is expensive. In fact, it has been said that the only certainty in litigation is that it is expensive. Ambiguity around legal costs, is cited in research as the main reason that many businesses reject litigation out of hand....
Could your business be sitting on a golden egg?
A business with a commercial claim for damages has a ‘contingent asset’. While realising this asset hasn’t always been practical (as businesses are unable to access legal aid), alternative funding options now enable the pursuit of claims while taking minimum risks and...
Time to think differently about litigation & risk
Whether you’re at an SME, a major multinational business, or you’re a sole trader, you’re under pressure to make the right decisions: decisions that become tougher when uncertainty is a major factor. In litigation, uncertainty is everywhere, and the result is lots of...
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* Annecto Legal can only assist on case where the loss is in excess of £100,000, with the exception of data breach claims. If you need assistance on a claim worth over £100,000, please get in touch using our form or the details below:
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