Are we seeing a ‘normalisation’ in the class action space?

A new report from a global law firm shows a decline in the number of new class actions across the country. This, one partner reflects, could constitute a “normalisation” of such litigation following the flurry of activity seen after the Hayne royal commission and other market factors. In this episode of The Lawyers Weekly Show, host Jerome Doraisamy is joined by King & Wood Mallesons partner Eleanor Atkins to discuss her longtime interest in litigation, her firm’s annual report, The Review: Class Actions in Australia 2023/2024, and its key takeaways and findings, including that class action filings are at their lowest levels in seven years, how and why this might be the case, the cyclical nature of such litigation, and what the reduced volume of filings says about where the Australian market is at right now.

Atkins also delves into the areas we are currently seeing more filings and why, what practitioners in this space need to stay on top of, the influence of regulatory spotlights, two cases that the High Court is currently considering and why those matters could be so significant for the class action space, what the coming year could hold for class actions, and why this remains such a stimulating area of law.

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