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Costs and funding legal practice

Our International costs unit offers a complete funding, retainer, project management and costs service, from traditional costs drafting service to bespoke costs budgeting and management, drafting and reviewing retains and arranging litigation funding through our network of third party funders. The costs unit has a proven track record in all manner of costs disputes, regularly dealing with multi-million pound claims and highly complex commercial matters.

Why is our costs team different?

Situated within a large litigation team and having been involved in running large litigation and investigation projects, our clients benefit from the wide breadth of experience of a team which brings much more to the table than just traditional costs drafting services.

In particular, since the introduction of the Jackson reforms, the team has developed and refined its expertise in costs budgeting, culminating in the launch of our bespoke costs budgeting product. Our budgeting product is much more than a tool to ensure compliance with the procedural requirements of the court. It allows us to provide you with a bespoke budget at the start of the litigation, allowing you to understand the financial commitment the litigation will require at its various stages and to form a strategy that is commercially suited to you. Regular updates of spend against budget are provided so you always remain appraised of your legal spend.

What our costs others say

I have worked with the costs team for a number of years dealing with extortionate costs claims arising from mis-selling disputes. Their expertise and attention to detail has led to considerable savings and they are my first port of call for any costs related issue.”
Philip Abel, GE Capital
“The expert input of the Costs Unit was vital to us in providing robust costs forecasting to the clients in complex and ever changing litigation. This was strategically important; the clients were able to keep a continual watch over the impact of the future accrual of legal costs on their options for progressing the litigation and their possible settlement parameters.”
Richard Little, Partner, CDR London

 

Examples of our Costs Experience

Jurisdictional challenges UK and International

preparing detailed witness evidence on English costs law and procedure and successfully defeating a claim in jurisdictional proceedings in Florida for costs incurred in the UK.

International Arbitration

involvement in a number of international arbitration matters including IRB, which generated a costs claim of £4 million.

Attorney/Client fee disputes

Represented a number of Clients securing substantial reductions to fees paid to their previous Attorneys

Commercial litigation

recovery of 98.5% of costs in a £9 million costs claim, including costs of funding premium in respect of damages.

Valuer claims

acting in a £5 million costs claim arising out of a negligent valuation, following a recommendation from the second line insurer.

Budgeting

instructed in the single largest budgeting case to go through the court system involving a 2 day hearing before a panel of judges, including the senior costs judge, with leading counsel appearing on behalf of the claimant and a number of defendants.

Mis-selling

acting for HSBC in a £1.8 million costs claim arising out of a mis-selling claim, reducing the costs to less than £1 million by negotiation.

Public Inquiries

retained by the Mid Staffordshire NHS Inquiry responsible to the secretariat for the consideration of costs claims advanced by the solicitors representing the various interested parties.

Compulsory purchase orders

acting for the London Development Agency in fee disputes arising from the London 2012 Olympic bid, saving over £2 million in fees in two cases alone, including the high court decision in Balcombe v LDA. As a direct result of our involvement in the London 2012 Olympics we have developed one of the country’s leading costs teams for CPO matters.

Foot & mouth

acting as lead advocate in the detailed assessment in the costs claim arising out of the foot and mouth outbreak and reducing the internal costs from £650,000 to £210,000.

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