Solomonic

Interesting chart from Solomonic revealing the busiest law firms in the Commercial Court and 7 King's Bench Walk as the most instructed set (by claim volume).

Feeling the summer slowdown? While courtrooms might take a break, new claims keep rolling in. Historically, August sees fewer filings (586 on average over the past five years) compared to July (660) and September (676). However, this is still a significant volume, and practitioners need to remain vigilant. It’s not only the volume of claims issued - the value of claims issued in August have not been trivial. The total value of all new claims in August 2023 exceeds £2.9 billion, including major aviation leasing disputes and class actions. In 2022, the Brazilian dam collapse claim, valued at £36 billion, was issued in the final week of August. To avoid any holiday surprises, our alerts deliver a unique perspective on what’s going on in the High Court in terms of claims and forms issued. Sign up to trial them now and receive updates every Monday morning: https://lnkd.in/ejx5EEw5 #SolomonicInsights #commerciallitigation #legaltrends

Solomonic CEO Edward Bird was invited to join a panel discussion at a Birmingham Business & Property Courts Forum event on Wednesday, discussing ‘The Use of AI in Commercial Dispute Resolution’. AI is transforming industries around the globe and its potential in commercial dispute resolution is occupying the thoughts of our judiciary. The forum explored how the new tech is currently being used and its potential future implications, with perspectives from Justice (soon to be Lord) Zacaroli. Chaired by Andrew Herring, panellists Natalie Butcher (BDO), Tracey McDermott (Pinsent Masons), David Blayney KC (Associo), and Stephen Dowling (TrialView) all shared enlightening insights on these developments but it was the Master of the Rolls, Sir Geoffrey Vos, who really brought the profound challenges and opportunities that AI presents to life for the audience. #DisputeResolution #aiinlaw #legalai

We had a wonderful evening at our Solomonic summer party, celebrating our colleagues past, present, and future. Over the years, we've built a strong, inclusive culture that we are immensely proud of. This has been the bedrock of our incredible growth and success, currently serving litigation intelligence to nearly 100 clients and over 6,500 legal practitioners. Here's to many more years of success and collaboration! 🚀

The aircraft leasing industry has faced major challenges following Russia's invasion of Ukraine and the subsequent aircraft seizures resulting from international sanctions. Claims related to aircraft leasing have surged from 29% of all aviation sector claims in 2021, before the conflict escalated, to an average of 46% over the past three years (2022-2024 to date). Over half of all 2023’s aviation claims were tied to the Russo-Ukrainian war that left aircraft and parts stranded in Russia. Significant spikes in claims were recorded in February 2023, August 2023 and February this year, with ongoing claims still entering the courts in June. The greatest exposure falls on aviation insurance, particularly special war cover for aircraft leasing companies. Insurers such as Allianz, Convex Insurance, HDI Global and Starr Insurance are bearing the brunt of these claims and are amongst those defending the most claims. #SolomonicInsights #aviation #insurance

Solomonic is delighted to announce its newest partnership with top-ranked global public relations firm Maltin PR. The integration of Solomonic’s powerful and timely data goes hand in hand with the team's leading and reactive advice. Tim Maltin, Managing Partner at Maltin PR, commented, “The value of this partnership was evident from the outset, especially with litigations becoming larger, more aggressive and more costly. The Solomonic platform reveals a wealth of intelligence through its leading market tracking, serving as a live risk monitoring tool to highlight corporations and firms under threat. This will enable us to provide fully-informed advice to our clients at crucial pinch points throughout the litigation process.” Read the full press release here: https://lnkd.in/g2mnMvXw #litigation #lawfirmmarketing #legaldata

UK insolvencies serve as a key economic indicator and pose challenges for the new Labour government. Our data analysis highlights that insolvency activity has been on the rise since 2021, primarily driven by an increase in winding up petitions from 14.6% in October 2021 to nearly 50% by April/May 2022. During the same period, company restorations have declined, another indicator of tough economic conditions. The construction & infrastructure sector has been the hardest hit, accounting for 27.2% of all winding up petitions so far this year. The consumer products sector has also struggled, with winding up petitions rising from 12.7% in 2021-2023 to 16.1% in H1 2024. Between the pandemic, rising energy bills and the cost-of-living crisis, some major brands have vanished from UK high streets; this year alone witnessed the fall of Ted Baker, The Body Shop and Wilko.  Read the full analysis here: https://lnkd.in/ev63KTdS #SolomonicInsights #insolvency #windingup #ukeconomy

As the UK goes to the polls today, and the economy very much on the agenda, insolvencies are a concerning barometer. Our data analysis surfaces ongoing heightened activity levels in the Insolvency and Companies List, with the construction sector and consumer products worst hit by winding up petitions. The overall picture is not an encouraging one for any government. Read the full analysis here: https://lnkd.in/ev63KTdS #insolvency #generalelection #ukeconomy

Solomonic is delighted to announce its partnership with leading UK law firm Mills & Reeve. This relationship will see Mills & Reeve’s litigation teams use Solomonic’s litigation insight to monitor and track High Court claims, parties, chambers, judges and outcomes to help their clients make informed decisions about their litigation risk. Ben Hardiman, Partner at Mills & Reeve, said, “Our clients’ satisfaction is paramount and they depend on us for astute, innovative and well-founded advice regarding their litigation risk. We’re delighted to forge a partnership with leading litigation intelligence platform Solomonic and believe their litigation insights will make a significant contribution to our practice.” Read more here: https://lnkd.in/eHZ932Re #lawfirms #legalnews #legaltech

Amongst the noise of rapid advancements in Al, the significance of robust, accurate and timely data cannot be overstated. Solomonic customers and partners are drawing upon platform data and intelligence to craft insightful, topical and compelling thought leadership pieces, industry reports and other content that ties in with current trends and topics. Our analytics not only illuminate trends, they empower stakeholders to demonstrate their expertise and position themselves with the most sophisticated data available. Prominent litigation players CMS UK, HFW, Enyo Law LLP, Shoosmiths, Stewarts and major news outlets including the Financial Times and trade publications Legal IT Insider see the value of rich data insights that can be extracted from Solomonic. Check out the full article for examples of recent data-driven insights: https://lnkd.in/gcGkuQN6 #legaldata #lawfirms #legalthoughtleadership