Dominic Regan & Paul Reason sketch out a true picture of the post-Jackson world
Tosh! The word is apt to describe some of the nonsensical and erroneous ideas doing the rounds. Our aim is to paint as accurate a picture as possible of how the litigation world will change come 01 April 2013.
“Costs lawyers are in danger of extinction”
- Nothing could be further from the truth. Budgeting will be the norm in multi-track cases although it will not apply to commercial or admiralty work. His Honour Judge Simon Brown QC has recently recorded a training talk for the Judiciary in which he makes it clear that the task of creating a plausible budget is a double act performed by the litigator in collaboration with their costs lawyer.
- It is essential for each party to produce a viable budget. Get it wrong and the risk is that costs otherwise recoverable will be disallowed. When interviewed for NLJ last spring Lord Justice Jackson said that budgeting was the single most important reform for practitioners
