The latest Class Action Report from Portland’s Litigation and Disputes team, now in its fourth year, offers new insights and tracks trends in how the public perceive group litigation in the UK and US markets. The complete report, published today, can be accessed here.
The Class Action Report 2023 surveyed 4,000 people, comprised of a nationally representative 2,000 in the UK, and a further 2,000 in the US. The report also includes contributions from several senior legal experts, including the Senior Director of Litigation at the Competition and Markets Authority, and background interviews with financial analysts.
Portland’s 2023 research and analysis found that:
- The UK public’s appetite to join class actions remains high despite stagnating understanding and dwindling faith in the prospect of compensation.
- The public are more activist than ever in how they would respond to companies that break the law, including supporting environmental claims and consumer actions.
- Bucking the trend of stagnation, the general public’s understanding and comfort level with litigation funders is growing.
This year’s report includes specific insights on the actions consumers would take against companies they believe to have broken the law; public support for class actions on environmental, social and governance issues; the impact of new regulations for tech companies on the risk of follow-on class actions on behalf of consumers; and how litigation funding is growing despite the recent Supreme Court ruling.
Along with the CMA, legal experts contributing to this year’s report include senior lawyers from leading firms Pinsent Masons and Debevoise & Plimpton on the threat to business from potential ESG and shareholder litigation, and the Managing Director of litigation funder Bench Walk Advisors.
The Class Action Report 2023 was produced by Portland’s specialist Litigation & Disputes practice. We provide strategic communications advice to help reinforce the legal strategy of leading law firms around the world.
For twenty years, and across multiple jurisdictions, countries and languages, Portland has applied its problem-solving abilities to provide bespoke communications solutions to legal issues.
Since 2018, Portland’s Litigation & Disputes practice has been recognised in Band 1 for PR & Communications in Chambers and Partners Litigation Support Guide.
Please contact us for any additional data, or to learn more about how we can help, at [email protected].