Podcast Location:
Download it here [file size: 46.1 MB]
Categories:
Costs & Funding
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This CPDcast provides an overview of the changes to cost budgeting for commercial litigators and explains the rationale for introducing a £10 million cap in this area. It provides invaluable practical insight into how cost budgeting has been applied until now, the potential implications for commercial litigators and the most important practical steps commercial litigators can take to prepare themselves for the changes.

Outcomes:
After completing the course you will:
  • Understand the amendments to the budgeting regime and what courts and cases they will effect;
  • Know the trigger points for budgeting;
  • Be aware of the trends, lessons and issues to be learned from following the introduction of cost budgeting in 2013;
  • Have considered what approach the Commercial Court and TCC will have when budgeting;
  • Understand the rationale behind introducing a £10 million cap for commercial cost budgeting cases;
  • Have considered the potential wider trading and economic impact of cost budgeting in commercial cases;
  • Know the practical factors that commercial litigators should have in mind when cost budgeting under the new rules.
Level:
General Interest Difficulty: 2 of 5
Classification:
Market Update / Hot Topic
Sources and References:
  • Andrew Mitchell MP v News Group Newspapers Limited [2013] EWCA Civ 1537;
  • Chartwell Estate Agents v Fergies Properties [2014] EWCA Civ 506.
Tags:

In this CPDcast, costs experts Mark Beaumont form Annecto Legal and Tom Whitehead of Compass Costs discuss the introduction of cost budgeting into commercial litigation.

Date Recorded: 22nd April 2014

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