Commercial Litigation Costs Budgets - The Bespoke Approach

Introduction

This new webinar will take you through the bespoke approach to commercial litigation costs budgets, the pros and cons of postponing the disclosure phase in line with the disclosure pilot scheme, and the approach to costs budgets if a security for costs application is being contemplated.

It will discuss the best approach to using the costs budget when requesting a payment on account of costs.

You will also learn why monitoring the budget is important and why applying for revisions to the budget must be made and why they must be made promptly.

What You Will Learn

This webinar will cover the following:

• Costs management, the indemnity principle, and the importance of incurred costs
• The impact that the disclosure pilot scheme has on costs management
• How the costs budget can assist with the payment on account, applications for security for costs, settlement and managing client’s expectations
• Why revise the costs budget and the relevance of whether there has been a significant development in the litigation

This webinar was recorded on 7th June 2022