Saturday 18 February 2012

INTEREST ON COSTS

The most successful export from West Bromwich since the Jensen Interceptor, John Foy QC, had a great result in SIMCOE this week. Interest on costs runs from the date of the order rather than a later date when costs are quantified.The decision of HH J Stewart QC in Toner was overturned.
What is interesting is to look at the bill of Irwin Mitchell in Simcoe. The claim settled without a trial for less than £13,000. The bill was 6 times the quantum. When Jackson kicks in we will see fixed costs in the fast -track and no recovery of additional liabilities.This would mean , i believe , that the costs recoverable from the defendant will be akin to the damages. That is an enormous reduction in costs for the claimant.