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A further definition from The (Alternative) Legal Costs Dictionary:
Costs muppet n. someone who had the stuffing knocked out of them when they read the Jackson Report’s proposals in relation to fixed fees.
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Interestingly, the phrase originally referred only to Defendant costs negotiators.
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some more:-
negotiation – the art of the thespians to allow the practising of mock indignation and shock in an effective medium
Detailed Assessment Hearing – the only process with a less predictable outcome than the National Lottery draw
S.C.C.O – Jolly Boys outing for northeners
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No Win No Fee – when a highly skilled solicitor fails to comply with the 2000 CFA Regs