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14 March 2025
Issue: 8108 / Categories: Legal News , Financial services litigation , Consumer , Regulatory , Commercial
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NLJ this week: All eyes on motor finance case with billions at stake

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Johnson v FirstRand sent ‘shockwaves through the financial services industry’, write Eddie Flanagan, partner and specialist in asset and debt recovery, and Harpreet Sandhu, Chartered Legal Executive at Shakespeare Martineau, in this week’s NLJ. They discuss the case and its astonishing implications. For example, Santander UK revealed in November that it has set aside £295m for potential compensation.

With the Supreme Court due to begin considering the case next month, this is a timely article. The case—concerning commission charged for car finance—could cost banks billions, and claims management companies are already hard at work fishing for customers.

The authors review the legal issues involved, and outline the most likely areas of reform. They write that the case ‘exposed vulnerabilities in the financial services sector, prompting a re-evaluation of compliance and customer trust. It underscores the need for robust consumer protection measures and regulatory compliance’. 

MOVERS & SHAKERS

Anthony Collins—20 promotions

Anthony Collins—20 promotions

20 promotions mark major people investment at national law firm, Anthony Collins

Sidley—Elaine Whiteford

Sidley—Elaine Whiteford

Sidley adds competition litigator Elaine Whiteford in London

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys welcomes Claudina D’Costa as Director of Client Development Marketing

NEWS
The 25th Pro Bono Week begins today until 6 November, with events hosted by law firms, chambers, law schools and charities across the UK
Pro bono is celebrating a silver anniversary, with initiatives putting businesses and students at the heart of access to justice
Choosing the wrong expert can cost a clinical negligence claimant more than their case
Judges risk weakening their own independence by staying silent over government reforms, a leading public lawyer argues
A discount on damages does not automatically mean an equivalent haircut for legal costs in military deafness claims
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