In his keynote speech at the Legal Week Litigation Forum in London this morning, the former Lord Chancellor, Lord Falconer, predicted that the collapse of Lehman Brothers will soon lead to “litigation on a scale that we have not seen before.” He predicted that the Lehman bankruptcy and others would reverse the recent decline in big-ticket litigation in England.
Legal Week reports that Falconer also stated that hedge funds were starting to regard litigation as an asset class. “Now we are going to see hedge funds whose only activity in practice is to fund litigation arising out of collapsed institutions. It will become a much more significant factor than ever before.”
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[...] Goldsmith’s comments follow recent comments (discussed here) by the former Lord Chancellor, Lord Falconer, predicting that the collapse of Lehman Brothers will [...]