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A Prediction for 2015: Costs Budgeting is Doomed - Ian Miller, 1 Chancery Lane

11/01/15. With the new year come predictions as to what will happen in 2015. Tom Standage of the Economist predicts that our smart phones will become smarter with the use of anticipatory or predictive intelligence - our phones may suggest we leave earlier for a dinner date if the traffic is bad or offer sending a message to other participants if we are late for meetings. Paul Lee of Deloittes predicts drones will be used more by business, Neil Murray of Mimecast unsurprisingly thinks that internet security will become an even greater issue and Simon Culmer thinks more customer service will be provided by video. These are some predictions from the technology of business pundits*. What of the law?

It may be folly to make any predictions as to changes to the law but I would nonetheless hazard a guess that costs budgeting will either be abolished or reformed in 2015. Some judges are open in their dislike of costs budgeting whilst others betray their views more subtly in...

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