The recent case of Essar v Norscot has clarified that an arbitrator’s general power to award costs includes the power to award the costs of third party funding. In so doing, has arbitration gained an unexpected advantage over litigation for claimants that require third party funding?

In this part 3 of our series on "Litigation Superforecasting", we discuss the habits of thought honed by Tetlock's superforecasters, and apply them to litigation and arbitration.

The Australasian Lawyer have written a feature on Balance Legal Capital's Simon Burnett.

This is the second part of a three-part series from Balance Legal Capital on “Litigation Superforecasting”, inspired by a recent book called “Superforecasting – The Art & Science of Prediction” by Philip Tetlock and Dan Gardner.

Balance Legal Capital is sponsoring the Ipswich and Suffolk Council for Racial Equality in their fundraising project ‘Tackling Discrimination in the East’.

On the back of Shell’s recent review of its global legal panel, Simon Burnett of Balance Legal Capital examines the dangers of overemphasizing price-related factors in selecting panel firms and discusses litigation finance as an alternative means of reducing external litigation spend.