header-logo header-logo

07 February 2019 / Francis Kendall
Issue: 7827 / Categories: Features , Procedure & practice , Costs
printer mail-detail

Sticking to a budget: could do better?

Francis Kendall shares some shocking statistics from the 2018 ACL conference survey

A poll of 146 costs lawyers at the Association of Costs Lawyers’ (ACL’s) annual conference last November showed that only 10% said solicitors have got better at sticking to their budgets. This shocking statistic is perhaps mitigated slightly by the fact that only 23% of those responding said solicitors always went over what was budgeted. However, a further 53% said they sometimes went over.

Although these figures are all improvements on the same survey in 2017 – where the figures were 5%, 29% and 65% respectively – it must be of concern.

Absent success on the “good reason to depart” test on detailed assessment, any costs over budget in a phase reflects work that solicitors are undertaking that will simply never be recovered from the opponent on assessment. They must either know, suspect or are simply ignorant to that position at the time that the work is undertaken.

With clear instructions

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
back-to-top-scroll