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Trainees need to get to grips with Costs

Posted by on Feb 15, 2016 in Blogs | Comments Off on Trainees need to get to grips with Costs

Trainees need to get to grips with Costs

Law students have little or no exposure to the issue of who ends up paying lawyers, but remuneration is just important to a firm as it is to a Client. Most Legal Practice Course providers will only cover the area of Costs briefly, some text books providing as little as a page on the process of commencing Detailed Assessment or preparing a Precedent H Costs Budget. As a recent LPC Graduate and as a Costs Draftsman, I have written about some of the Costs issues trainees will have to face when coming to litigation for the first time. In any...

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The Unintended Cost of Instructing a Cost Draftsman

Posted by on Feb 15, 2016 in Blogs | Comments Off on The Unintended Cost of Instructing a Cost Draftsman

The Unintended Cost of Instructing a Cost Draftsman

Many firms will at some stage have used or considered using the services of an external cost drafting company to assist them in the recovery of their costs: Traditionally the file of papers would have been dispatched to their preferred suppliers who would undertake the costing process on behalf of their principal, the bill would be approved and then served formally. Costs would either be agreed by way of a negotiated amicable settlement or determined at a formal assessment of costs by the Court. In essence the only cost of instructing the...

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