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A matter of time: guideline hourly rates (Pt 2)

25 February 2021 / Julian Chamberlayne
Issue: 7922 / Categories: Features , Profession , Legal services
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In his second update, Julian Chamberlayne discusses national banding & the impact of enhancement factors on recommended rates
  • London: a rebranding.
  • National 1 and 2: a substantial convergence.
  • Complexity/value enhancement.
  • Looking ahead.

In the first article in this series, I considered the background and methodology behind the Civil Justice Council (CJC) working party report on the Guideline Hourly Rates (GHR) of 8 January 2021. I now consider its analysis and recommendations for London, the national bandings and the enhancement factors that can be applied in cases of complexity, importance or high value.

London

The GHR previously divided London by firms located in the City, central London and outer London. The CJC’s report recommends retaining three categories but rebrands them as London 1, 2 and 3.

London 1 is no longer based on firms being located in the City of London. Instead, it is intended to exclusively relate to very heavy commercial and corporate work undertaken anywhere in London. While at

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Professor Graham Zellick KC argues in NLJ this week that, despite Buckingham Palace’s statement stripping Andrew Mountbatten Windsor of his styles, titles and honours, he remains legally a duke
Writing in NLJ this week, Sophie Ashcroft and Miranda Joseph of Stevens & Bolton dissect the Privy Council’s landmark ruling in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd (No 2), which abolishes the long-standing 'shareholder rule'
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