The following Dispute Resolution guidance note provides comprehensive and up to date legal information covering:
This Practice Note assists in completing a costs budget. It should be read in conjunction with Practice Note: Costs budgeting—completing Precedent H (costs budget). This Practice Note sets out the form of Precedent H required which depends on the date that proceedings commenced (links are provided to the different forms). It then goes through how to complete the form in conjunction with various Checklists. It also considers issues which arise when acting in cases requiring costs budgets which involve multiple parties, multiple proceedings or group litigation. It covers how to approach hourly rates in respect of incurred and estimated future costs, including the practice of using composite or blended hourly rates to estimate future costs. It also covers partial completion of a budget, double counting and who will sign the budget. Also considered are the costs of the costs budget and costs management and finally proportionality.
The Precedent for the costs budget is known as Precedent H. The form of Precedent H will differ depending on both the value of the claim and the amount of the budgeted costs:
if the value of the claim, as stated on the claim form, is less than £50,000 the parties must use the short form Precedent H, ie the first page of the
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