header-logo header-logo

Quids in. Getting money in the kitty the easy way

03 November 2017 / David Cooper
Issue: 7768 / Categories: Features , Profession , Costs
printer mail-detail

David Cooper recounts an ideal costs scenario

It is often said that we are not just ‘lawyers’ but also businesspeople. It is essential for the business to have good cash flow, which can be difficult when you are acting under a conditional fee agreement, legal expense insurance or other funding arrangement where you cannot obtain regular payments from the client.

When a case concludes, and an order for costs is made against the losing party, CPR 44.2(8) envisages an order for payment of a reasonable sum on account of costs being made unless there is good reason not to do so.

In multi-track cases, there is likely to have been a costs management order under CPR 3.15, so both parties will be aware of the potential amount of costs. Where there has not been an order or costs are being summarily assessed, it is essential that details of costs is available to the trial judge and the losing

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

Hugh James—Phil Edwards

Hugh James—Phil Edwards

Serious injury teambolstered by high-profile partner hire

Freeths—Melanie Stancliffe

Freeths—Melanie Stancliffe

Firm strengthens employment team with partner hire

DAC Beachcroft—Tim Barr

DAC Beachcroft—Tim Barr

Lawyers’ liability practice strengthened with partner appointment in London

NEWS
Ceri Morgan, knowledge counsel at Herbert Smith Freehills Kramer LLP, analyses the Supreme Court’s landmark decision in Johnson v FirstRand Bank Ltd, which reshapes the law of fiduciary relationships and common law bribery
The boundaries of media access in family law are scrutinised by Nicholas Dobson in NLJ this week
Reflecting on personal experience, Professor Graham Zellick KC, Senior Master of the Bench and former Reader of the Middle Temple, questions the unchecked power of parliamentary privilege
Geoff Dover, managing director at Heirloom Fair Legal, sets out a blueprint for ethical litigation funding in the wake of high-profile law firm collapses
James Grice, head of innovation and AI at Lawfront, explores how artificial intelligence is transforming the legal sector
back-to-top-scroll