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19 October 2012 / William Gibson
Issue: 7534 / Categories: Features , Costs
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Costs conundrum (5)

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Bill Gibson emphasises the importance of file maintenance to costs recovery

In the days before judicial interest in costs led to confusion and complications, the most common request from solicitors to costs draftsmen was: “How do I maximise my inter partes costs recovery?”

The answer was usually: “File maintenance/file discipline.”

Detailed attendance notes recording the content of meetings or telephone calls; letters confirming oral advice; time spent on documents accurately recorded and broken down between different categories; time spent on jointly-attended meetings recorded in the same figures by all attendees. Simple.

Then came conditional fee agreements with success fees. More discipline. Record risk assessment investigations, outcomes and advice and be prepared to justify on assessment. Next: detailed investigations into availability of before the event insurance cover. The common theme running throughout was the need for detailed and accurate records, something not always popular with fee earners but litigators at least grudgingly accepted there was a reason for such effort. That reason became more obvious to litigators who had to attend a detailed assessment

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MOVERS & SHAKERS

Hogan Lovells—Lisa Quelch

Hogan Lovells—Lisa Quelch

Partner hire strengthens global infrastructure and energy financing practice

Sherrards—Jan Kunstyr

Sherrards—Jan Kunstyr

Legal director bolsters international expertise in dispute resolution team

Muckle LLP—Stacey Brown

Muckle LLP—Stacey Brown

Corporate governance and company law specialist joins the team

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HERBERT SMITH STAFF PENSION SCHEME (THE “SCHEME”)

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