Partner and Head of Commercial Litigation, Richard Leedham, recently spoke with Portland on findings from their Class Action Report 2021.
This includes a growing appetite by members of the public to hold large companies to account for their practices, especially with relation to ESG matters.
Over 70 per cent of survey respondents said they would join a class action, with 73 per cent indicating they would boycott a company for breaking the law if it also affected them.
Quoted in City AM, Richard said: "Claimants are increasingly seeking ways to call large companies to account, not necessarily for their own financial gain, and often cannot do so on their own or in small groups.”
"As funders realise the potential of ESG claims and consider the benefits of being involved, the costs associated with such claims will continue to come down. This in turn may allow more claims to proceed."
"For companies who feel they are too big to listen, this could be a virtuous circle that they would do well to pay heed to."
Read the City AM article here and Portland's Class Action 2021 report here.