I’ve just reduced a Claimant’s claim for costs of £147,776.24 to £75,000 and submitted my invoice for £153.40 plus VAT.
I should be charging on a % savings basis.
Legal Costs Blog
Gibbs Wyatt Stone – Defendant Law Costs Costs Draftsmen
I’ve just reduced a Claimant’s claim for costs of £147,776.24 to £75,000 and submitted my invoice for £153.40 plus VAT.
I should be charging on a % savings basis.
nice self plug
one wonders how much was down to simple rates and success fees
An interesting posting from Simon and an excellent result.
He obviously didn`t read what must have been a large client file.
Was that wise?
I would guess you are working on an hourly rate and have settled this well before Points of Dispute?
Cases like this are fantastic for % of saving agreements but sometimes you do get the smaller ones that require extensive work and end up putting you at a loss! So maybe that’s a saving grace?
Ahmed v Powell anyone?…
Think that was probably Simon’s point.
I like to describe myself as ”reassuringly expensive”
Many years ago, pre Ahmed, we reduced a bill from £655,000 to £60,000 and we charged 15% of saving. Oh they were happy days!!!! Simon u really must increase your charge out rate! Now tell us about the ones you lost and cost your clients dearly!!