In a year of record cases and radical reshaping of the class action litigation industry, we are excited to share with you our annual flagship publication The Review: Class Actions in Australia 2020/21.
In this year's report:
- We breakdown a record number of claims – at least 63 new class actions filed, with consumer and government actions rising as securities claims decline.
- We examine why, 15 years since the landmark Fostif case found litigation funding was not an 'abuse of process,' litigation funder-backed cases have fallen to their lowest level in 7 years – as new federal regulations and the introduction of a contingency fee regime in Victoria reshape the market.
- We look ahead, to map a landscape poised for further change, as the Federal Government contemplates wide-ranging reform recommendations.
We hope you find this report both interesting and informative.