header-logo header-logo

In our estimation

24 July 2013 / Mark Solon
Issue: 7570 / Categories: Features , Expert Witness , Profession
printer mail-detail

Mark Solon reviews the new costs regime for expert witnesses

Builders do it. Car mechanics do it. And now expert witnesses have to provide costs estimates, under the revised Civil Procedure Rules which came into effect in April following Lord Justice Jackson’s report into civil litigation costs.~

Experts comfortable with the old regime may be perplexed by the demands of estimating how much to budget for assessment, research, report-writing, travel, meetings, questions and court appearances. Meanwhile the court enjoys new powers to reduce fees deemed to be disproportionate. Is it worth being an expert witness?

Business time

Some committed experts are upbeat: they can run their operations more like a business—offering fixed and capped fees, for example—and cherry-pick the most profitable work. If they can help solicitors give a costs estimate and identify the key issues, they won’t be pricing themselves out of the market—they are more likely to be employed. Those appointed as a single joint expert, working on behalf of both sides, will be able to earn higher rates

Experts baulking at being asked for a ballpark figure should itemise every

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn Premium Content

Partner appointment in firm’s equity capital markets team

NEWS

Law school partners with charity to give free assistance to litigants in need

Magic circle firms, in-house legal departments and litigation firms alike are embracing more flexible ways to manage surges of workloads, the success of Flex Legal has shown

Magic circle firms, in-house legal departments and litigation firms alike are embracing more flexible ways to manage surges of workloads, the success of Flex Legal has shown

Magic circle firms, in-house legal departments and litigation firms alike are embracing more flexible ways to manage surges of workloads, the success of Flex Legal has shown

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

back-to-top-scroll