Benefits of using Law Costs Draftsman

1. Benefits of using Law Costs Draftsman

2. Many various sorts of clients, including individuals, small and large organisations, and other legal professionals, direct a legal costs draughtsman. They are frequently required to establish costs budgets for litigants during the process of civil litigation, and they will normally control the recovery of costs between the parties. In costs-only procedures, a Law Costs Draftsmanassists lay clients, other legal professionals, and the courts in establishing the costs to be paid between the parties.  However, legal expenses work is frequently performed by unqualified practitioners who lack the necessary expertise and experience in costs law, such as solicitors who do not normally practise costs law.

3. A ‘growingly complex and specialised’ legal field The advantages of utilising a costs draughtsman service supplied by a competent legal cost’s draughtsman are discussed. Professor Stephen Mayson acknowledges that expenses law is becoming increasingly complex and specialised in his Independent Review of Costs Draftsman ServiceRegulation Report in June 2020.

4. He pointed out that unqualified and unregulated practitioners were performing non-reserved costs activities and costs litigation under the ‘supervision’ of permitted persons who lacked the expertise and resources to do so efficiently and effectively. The report discovered that these authorised persons’ scope and degree of understanding are restricted, resulting in damaging ‘dabbling

5. That these errors can result in significant and unnecessary shortages in cost recovery, to the prejudice of the lay client who paid these expenditures. Using a costs draughtsman service from an experienced legal costs draughtsman or, better yet, a regulated costs lawyer will help to avoid these mistakes, ensure that the pleadings drafted are accurate and comply with the relevant provisions of the Civil Procedure Rules, and obtain the best result for the lay client, whether recovering or opposing costs. Costs-Effectiveness While costs lawyers can recover Grade B or C hourly fees under the 2014 Masters of the Rolls ruling and Committee’s report on Guideline Hourly Rates, the hourly rate of a costs lawyer or legal costs draughtsman is frequently less than that of the conducting solicitor in practise.

6. We recently completed a Bill of Prices for a client, who was satisfied with our costs draughtsman service and requested if we might help with cost budgeting. They indicated they didn’t know how their clients would feel about paying for a legal costs draughtsman to help with budgeting. It allows the lawyer to concentrate on his or her strengths. Insisting on the services of a legal cost’s draughtsman helps law firms to concentrate on case management.  Solicitors typically have big caseloads that require their whole attention, so it’s best to delegate the costs management task to someone who knows what they’re doing. Both during and after the proceedings, this is critical.

7. Conclusion Costs is becoming a more complicated area of law, as evidenced by the hourly rates paid to costs lawyers, which are comparable to those paid to solicitors with up to four years of post-qualification experience.  Given the damage that can be caused by errors in costs pleadings, legal professionals should not ‘dabble’ in this area, especially since specialist legal costs draughtsman consultancies like us use lower hourly rates than our instructing solicitors and can turn instructions around in less than seven days.

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