Thursday, 14 March 2013

The New Costs Regime - a ready reckoner..


This is a little cut out and keep ready reckoner for the forthcoming new costs regime.. you can print out on one side of A4 and copy the table of Fixed Recoverable Costs on the other side. This can be handed out to lawyers (sorry don't like the phrase fee earners) to keep so that they can have it to hand when working out recoverable costs at the end of a case.
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THE NEW COSTS REGIME - FOR RTA, EL AND PL CLAIMS

(Please note - figures for costs do not include VAT, disbursements and success fees)

If the CFA is dated 1st April 2013 or after you cannot claim a success fee from the Defendant.

If the ATEI is dated 1st April 2013 or after you cannot claim the ATEI premium from the Defendant.

If you are dealing with an RTA claim less than £10,000 and it goes on the portal on 30th April 2013 or afterwards the profit costs at Stage 1 = £200 and at Stage 2 = £300. Total = £500.  The date of the accident does not matter.

If you are dealing with an RTA between £10,000 and £25,000 and the date of the accident is on or after 31st July 2013 then it goes on the portal. Costs at Stage 1 = £200 and at Stage 2 = £600. Total = £800. 

If you are dealing with an EL/PL claim less than £25,000 and the date of the accident is on or after 31st July 2013 then it has to go on the portal. 

If the EL/PL claim is on the portal and is less than £10,000 then costs at Stage 1 = £300 and at Stage 2 = £600. Total = £900

If the EL/PL claim is on the portal and is between £10,000 and £25,000 then costs at Stage 1 = £300 and at Stage 2 = £1,300. Total = £1,600

In addition to RTAs, EL and PL claims that go on the portal can proceed to Stage 3 with costs calculated in the same way as at present.

If a claim that is entered onto the portal on or after 31st July 2013 then comes out of the portal the costs are calculated in accordance with the table overleaf.

Remember:  PL claims are basically claims that are not RTAs, EL or clinical negligence.

The value of the claim for these purposes is on a full liability basis so ignore any possible contributory negligence.

In all cases on the portal after 30th April 2013 that are under £10,000 it will not be normal practise to obtain medical notes.

In cases on the portal over £10,000 you can request more than one interim.

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