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Guideline rates for the summary assessment of costs increased by 3.65% as from 1 January 2025, thanks to service producer price inflation values up to and including the first quarter of last year. Subsequent inflation is promised to be captured in future annual uplifts.
The guidelines received a major overhaul in 2021 after 11 years in slumber (see ‘Civil Way’, 171 NLJ 7950, p17) and last rose by 6.66% from January 2024. At the top of the league, grade A centrally based London fee earners in very heavy commercial and corporate work now weigh in at an hourly rate of £566. The poorest paid at grade A are those on the national 2 band who will now make do with an hourly guideline of £282.
The good news should be communicated to those clients who may be impacted.
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