This is an interesting article from the Law Society Gazette which highlights claimants’ calls for a review of fixed costs. Quite understandably a comparison is made with reviews of such issues as the SCCO Guideline hourly rates and of the discount rate every five years, and attention is brought to the re-classification of some PI claims from Fast-Track to Small Claims, as well as the fact that the fixed recoverable costs in Fast-Track cases have not been reviewed since 2013 – nearly a decade ago.
Particularly in light of the cost of living crisis and the impact that is having on inflation, is it not about time fixed costs were brought up to date?
Read the full Law Society Gazette artical here.