In summary …
- A budget must be filed in all applicable Multi Track cases no less than 21 days before the case management conference in cases where the stated value of the claim on the claim form is more than £50,000. In all other cases, with the Directions Questionnaire
- A failure to file a budget on time may result in recoverable costs being limited to applicable court fee
- However, a good Part 36 Offer could rescue half of the otherwise lost costs
- A budget must be updated as and when ordered by the court or at any stage in the litigation that a significant development warrants a revision
- The court will review, manage and control the costs expenditure with reference to the budgets throughout the life of the litigation
- The budget will play a significant and highly influential part on any detailed assessment of costs
- Unless ‘good reason’ can be shown the court will not depart from any approved or agreed budgeted costs… in either direction.
Updated May 2017
How can we help
Why Use Us
With a team of dedicated and experienced costs lawyers and draftsmen at your disposal, we can offer a truly bespoke one-to-one service tailored to you and your practice to help you make the navigate the costs budgeting rules with minimum disruption and maximum profitability.
We have a weekly door-to-door courier service and the ability to accept electronic data transfer of files. Our costs lawyers and draftsmen are also happy to attend at your offices for face to face meetings as appropriate.
Our fees will never exceed those allowable under the rules and we will ensure that your budgets are as accurate as possible and conducive to a maximum recovery at the end of each and every case.
TMC will also ensure that your opponent’s budget is realistic at both ends of the scale, an equally important consideration in a post QOCS era.