Growth in legal costs work
Many costs firms appear to be busy expanding and recruiting. However, one recent comment on a post stated:
“I know of at least 6 north west cost drafting firms who are making redundancies.”
There is perhaps no mystery to these two apparently conflicting accounts at this stage in the post-Jackson cycle. Costs budgeting, etc has increased the need for experienced law costs draftsmen and Costs Lawyers for higher-end costs work where we have yet to see a significant reduction of work caused by other elements of the Jackson reforms. However, the impact of an expansion of fixed costs work at the lower-end should now have begun to kick-in and impact on work volumes for some firms. It is therefore perfectly possible that some firms are currently expanding at the same time as others are shrinking.
Is this an accurate summary of the current position?