Business development through litigation data – Some lessons learned
Solomonic closely monitors litigation claims and provides valuable market intelligence and data to customers such as lawyers, insurers, and litigation funders. Daily updates on newly issued claims are particularly useful because defendants are often unaware of them. This information is crucial for staying ahead, whether as a litigant, insurer, or litigator seeking to build relationships with clients or prospects.
High Court Commercial Disputes 2022
Solomonic, as the UK’s most comprehensive commercial litigation database, has compiled a review of the 2022 year in commercial litigation in the High Court.
UK litigation continues to grow whilst the economy stumbles
Claim volume for Q3 2022 totalled just over 1,900, a 10% increase on the same period in 2021. As a whole, quarterly claim volume has grown substantially since the first quarter of 2019.
Covid and Ukraine sanctions feature in new litigation claims
Approximately 2,300 disputes have been brought to the Queen’s Bench and Chancery divisions in the first half of 2022. This is a decline of almost 17% compared with the first 6 months of 2021.
Claim volumes hold steady despite market uncertainty
Solomonic data shows relatively consistent ligation activity when compared to the last two years, despite continued global instability. Analysis explores new claims issued and activity levels across the topmost active sectors.
No slowdown in new claims issued
Thousands of law firms have serviced the litigation market in the last 5 years - top 15 most active firms consistently hold 20% of new claims issued market share YOY, including RPC, Clyde & Co and Clifford Chance.