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PI Brief Update

Costs Budgeting’s ‘First Birthday’: 2014 Update - Tom Gibson, Outer Temple Chambers

15/05/14. As costs budgeting passed its ‘first birthday’ in April 2014, this article summarises the recent CPR updates and case law in the area. It also contains some practical tips for this relatively new area of law.

Form of costs budgets (update your precedents!): Paragraph 2.2A of PD 22, which contains the wording for a costs budget’s statement of truth, has been changed. The old wording (which spoke of costs a “client will incur”) was criticised as being inappropriate for clients who funded their cases by CFAs or damages based agreements.

The new wording for the costs budget statement of truth is:

“This budget is a fair and accurate statement of incurred and estimated costs which it would be [reasonable and] proportionate for my client to incur in this litigation.”

No more [Statement of Truth] strike outs: As reported earlier...

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All information on this site was believed to be correct by the relevant authors at the time of writing. All content is for information purposes only and is not intended as legal advice. No liability is accepted by either the publisher or the author(s) for any errors or omissions (whether negligent or not) that it may contain. 

The opinions expressed in the articles are the authors' own, not those of Law Brief Publishing Ltd, and are not necessarily commensurate with general legal or medico-legal expert consensus of opinion and/or literature. Any medical content is not exhaustive but at a level for the non-medical reader to understand. 

Professional advice should always be obtained before applying any information to particular circumstances.

Excerpts from judgments and statutes are Crown copyright. Any Crown Copyright material is reproduced with the permission of the Controller of OPSI and the Queen’s Printer for Scotland under the Open Government Licence.