Guideline hourly rates
I recently came across the following on another costs related blog (note the capitalisation):
“The Guideline Hourly Rates ARE DESIGNED FOR FAST TRACK CASES.”
The 2010 Guideline Rates for Grade A fee earners in the City is £409 per hour.
A bottle of champagne to the first reader who can send me a transcript of a judgment, where the rates have been challenged, allowing a rate of £409 for a fast track matter.
They are guideline rates for judges carrying out summary assessment. That might include interim applications in complex multi track commercial disputes or summary assessments of the costs of an appeal in the Court of Appeal.
The confusion appears to come from the fact that because it is intended that a summary assessment would be undertaken at the end of a fast track trial that this is the full extent of the role of the guideline hourly rates.