The Forthcoming Guideline Hourly Rates 2014 - Matthew Hoe, Jaggards & Taylor Rose Law

23/05/14. The CJC Costs Committee has delayed the announcement of its recommendations for new guideline hourly rates for solicitors. Still, the announcement will be made at some time in the next few weeks.
It is likely to be of considerable importance to solicitors, because the new rates are likely to promote greater consistency on what solicitors will get paid on assessment of between the parties costs.
So, what should solicitors expect? Change is likely. The hourly rates will increase or decrease. The status quo of the last few years will surely come to an end. An increase would counterbalance the reduction in recoverable solicitors’ costs in other areas, particularly personal injury where fixed costs have been introduced with effect from 321 July 2013 for many fast track claims. A decrease would follow a general trend of restricting recoverable costs...
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