Costs management the future?
Professor Dominic Regan, writing in the New Law Journal, explained the recommendations he has made following his review for Jackson LJ of the Birmingham Mercantile Court costs management pilot:
“My considered recommendation is that the process be applied to every multi-track action whatever the content. … Fast-track cases will be self policing with the arrival of fixed costs sometime soon.”
So, no role for costs professionals in fast-track matters and multi-track matters become subject to costs management. The court approves or adjusts the parties’ budgets at the outset. If, at the conclusion of the case, a party’s claim for costs comes within budget, will there be an argument about costs or will the figure generally just be accepted? I suspect the latter.
What role for costs professionals?