When assets disappear in lawyers and litigation costs - what to avoid.
Cases with enormous and poorly considered litigation expenditure can seem tragic for clients involved.
The recent divorce case, RM v TM [2020] EWFC 41, has shown just how disastrous such expenditure to be, eroding a large proportion of liquid assets.
In the case described, a staggering 94% of liquid assets were spent on litigation.
You can read about this case in full on the Class Legal Website, accessible by clicking here.
The article also includes a list of other related cases which involved massive and disproportionate legal costs. A warning to all seeking litigation to be wise and consider the benefit in engaging in protracted legal battles, paying heed to the costs involved.