Maximising costs – guidance for Solicitors on maximising hourly rates

Do you consider your hourly rate when preparing your retainer? Or do you rely on a template document?

It is worth considering at the outset of any claim the potential value of the matter and complexity of the claim in order to set the hourly rate accordingly. Failure to do so could result in you being limited to hourly rates that, on an assessment of costs, could have recovered an enhancement. In light of the indemnity principle, enhancement is not an option if your retainer restricts you to lower rates.

Read More »