The fixed costs rules are almost here. Published at the end of last month although not effective until 1 October, ‘palpable anxiety is already coursing through the legal profession,’ Professor Dominic Regan reports in this week’s NLJ.
As always, Regan, of City Law School, is at hand to provide the lowdown on what to expect.
If possible, the ‘well-organised’ may want to get started before the changes take place (the rules vary, depending on the subject matter). However, change is inevitable. Regan writes: ‘Those used to recovering costs at large will feel as if they have been mugged.’
He offers advice on how firms should prepare for the change, and addresses the concerns of the junior Bar—a cohort of the profession that is sadly likely to experience some ‘hurt’.
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