The Costs Management team adopts a bespoke approach to their work, being able to quickly and skilfully adapt to specifically meet your needs due to their extensive experience and industry know how.
Acting for law firms across the whole country, the dedicated team of legal costs specialists provide advice throughout the entire Costs Management process and assist with all areas of costs budgeting, as set out in more detail below, including a budget monitoring service that ensures maximum recovery of all phases of the budget.
The team regularly prepares budgets in complex and high-value litigation across all disciplines. Their experience ensures that the costs budgets are comprehensive and well-structured in order to ensure each phase is adequately funded. This attention to detail and experience provides our clients with the best opportunity to secure the costs approval they require.
The team has extensive knowledge and experience of dealing with legal costs work arising in all sectors, including:
- Commercial litigation
- Medical negligence
- Personal injury
- Industrial disease
- Professional negligence
- Property litigation
- Intellectual property
- Banking litigation
- Contentious probate
- Proceeds of Crime Act
Precedent H Costs Budget
The team prepares costs budgets to the highest standard, for all types of litigation. They recognise the importance of delivering excellent results for your clients by maximising the amounts secured in the budget, and at the same time reducing your client’s exposure to costs.
Our highly responsive approach ensures deadlines are always met and our specialist team provides tailored solutions to fit the specific requirements clients have in each case. High quality, efficiency and responsiveness is the cornerstone of our service.
Precedent R Budget Discussion Reports
Parties are required to negotiate budgets. The team recognises the importance of efficient negotiations and enhanced results and understand that it is essential that the key issues are identified quickly. The team’s experience, and excellent technical knowledge is well placed to deliver this.
Precedent T Budget Variation
In the event of a significant development in the litigation, parties are required to revise their clients’ costs budget. The team’s experience and excellent technical knowledge efficiently delivers enhanced results in securing the appropriate revisions.
The monitoring of costs budgets secures the maximum amount of costs. Early identification of overspend allows revisions to be sought promptly, if appropriate. Our experience and bespoke software allow the efficient monitoring of costs budgets.
Attendance at the CCMC
Our attendance at the CCMC adds value. The Court can be guided through the ‘building blocks’ of the costs budget to ensure the costs sought can be justified. The team members are experienced advocates and can assist in that regard.
The team regularly scopes out estimates of costs. Your client will benefit from a sophisticated estimate of costs and being fully appraised of their potential legal spend. We are always willing to discuss and explore innovative and forward-thinking pricing structures.
The latest Costs Management blog posts…
This is the final entry of our three-part series on optimising costs management. The first blog in this series outlined the 2% budget process provision; how to utilise this to obtain the…
Ongoing monitoring of costs incurred after the budget has been set makes staying within budget significantly simpler, while still achieving a good outcome for your client
You can listen to the blog here 2% Budget Process Provision Once costs budgets are prepared, Precedent Rs and negotiations naturally follow. Budget discussions can lead to agreement of budgets in full,…
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