Fixed costs are a done deal. But when, how & where will they apply? Dominic Regan shares his thoughts
Sir Rupert and his merry band of assessors are bang on target. His report proposing the extension of fixed costs will be delivered right on time at the end of this month. It will go to government. We should all see it shortly afterwards.
Back in January 2016 Jackson stated that the time had come for a drastic extension of fixed costs. This would be lateral, capturing all cases regardless of subject matter. It would be vertical too, as it would apply to claims worth up to £250,000.
The beauty of budgeting
The widespread consultation that subsequently took place has led to a revision of those proposals. Having attended a number of roadshows it is clear that the ceiling will be set at a considerably lower level. A figure of or about £100,000 has been widely mentioned. Do appreciate that where
