Win 100 iconic DVDs
According to a senior litigation lawyer who attended the discussion, a working party will now consider possible changes to rules governing management of cases.
Lawyers advocated the introduction of the US-style practice of assigning judges to supervise a case for its lifetime. There was also a call for for more “interventionist” case management by the judiciary, who should be less reluctant to throw out weak cases, according to another lawyer present at the discussion.
The talks were influenced by an admission this April by Justice Tomlinson, the trial judge in the BCCI litigation, that he and Lord Woolf, then Lord Chief Justice, concluded that there was “nothing which could usefully be done” to halt it. The statement stunned the legal community, fueling a debate over the length and cost of “super-cases” at the High Court.
These cases had called into question the efficacy of the Woolf reforms, introduced in 1999 in an attempt to cut costs and red tape.
Last November, the High Court saw the collapse of the most expensive case in English legal history. The liquidators of Bank of Credit and Commerce International fought an acrimonious battle against the Bank of England, only to withdraw their claim in a surprise move.
Another case raising similar questions was the lawsuit by Equitable Life against Ernst & Young, withdrawn in September 2005 after five years. Lawyers even said that the cases could damage London’s reputation as a global centre for commercial litigation.
The meeting at Arundel House, near the Royal Courts of Justice, was invitation-only, attended by fewer than a hundred solicitors, QCs and judges.
“It was really a gathering of the great and good,” according to a litigator who was present. “The most encouraging thing was the fact that the court, in the shape of judges, was talking to lawyers and users.
“It points the way to a means for better case management in the future if judges can sit down with the lawyers on both sides and even clients.”
Lord Phillips of Worth Matravers, the Lord Chief Justice, and Sir Anthony Clarke, the Master of the Rolls, were accompanied by commercial barristers, such as Nicholas Stadlen QC, who defended the Bank of England in the BCCI litigation. A spokesman for the Lord Chief Justice declined to comment last night.
GRINDING WHEELS
BCCI’s liquidators v Bank of England
£73 million: Bank of England’s legal fees
£1 billion: claim initially filed by liquidators
256 days: time spent in court for the trial
13 years: length of the case
Equitable Life Society v Ernst & Young
£2.6 billion: initial claim against Ernst & Young
£700 million: final size of damages claim
5 years 9 months: length of the case
Articles from our sister site WSJ.com:
You may be asked to subscribe to read certain articles
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
36-month car lease
on contract hire for
£359.99 plus VAT pm
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
c£100,000 + car, bonus & bens
Lord Search & Selection
Midlands
Competitive salary + NHS pens
The Council for Healthcare Regulatory Excellence (CHRE)
London
Not Specified
The Sheppard Trust
London
£31,842 – £38,378pa
Charity Commision
London, Liverpool or Taunton
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Book now & save over £100pp.
11 cool resorts, lowest prices... Early Booking offers 15 Nov.
20% off selected Azores holidays taken in October with Sunvil Discovery
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.