Kerry Underwood

FIXED COSTS EXTENSION: WHAT TO DO NOW

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I deal with Fixed Costs at length in my book Personal Injury Small Claims, Portals and Fixed Costs running to 1,300 pages and three volumes, available for £80.00 including P&P from Amazon here or me here.

Fixed Recoverable Costs: What clients need to know and what we should be telling them?

  • Consider the Track and Complexity Band for all new work up to £250,000.00.

 

  • Prepare list of issues to discuss with client.

 

  • Prepare Letter of Claim/Response as to appropriate track and band.

 

  • Make Part 36 offer on liability.

 

  • Consider Part 36 offer on quantum.

 

  • Consider appropriate arrangement with counsel

 

  • Speak to counsels’ chambers.

 

  • Study the existing FRC scheme and relevant case law.

 

  • Part 36 to be fixed percentage uplift, not open costs- how will this affect your tactics?

 

  • Learn about contingency fees and Section 57 Solicitors Act 1974.

 

  • FRC are bound to increase work significantly – plan to make a profit out of it!

 

  • Consider method of charging client.

 

  • Claimant – FRC plus percentage of damages?

 

  • Defendant  – FRC plus percentage of damages saved?

 

  • No Win Lower Fee Agreements.

 

  • ATE insurance.

 

  • Third Party Funding.

 

  • Online Courts – No costs under £25,000.00.

 

  • Go on a course.

 

Also see

FIXED COSTS REPORT OVERVIEW : POST 1

FIXED COSTS AND PART 36: POST 3

FIXED COSTS: THE FAST TRACK FIGURES: POST 4

JUDICIAL REVIEW AND FIXED COSTS: POST 5

CLINICAL NEGLIGENCE AND FIXED COSTS: POST 6

THE NEW FIXED COSTS REGIME: POST 7

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Written by kerryunderwood

October 19, 2017 at 8:52 am

Posted in Uncategorized

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