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Preparing a Precedent H costs budget is a crucial step for any litigant who is looking to recover their inter-partes costs in a Multi-Track claim. Getting the budget right the first time is essential, as any application to correct mistakes or omissions is extremely unlikely, and will not amount to “good reasons” to depart from the approved budget.

Legal pricing experts Burcher Jennings and Validatum have today announced a ‘game changing partnership’ with cutting-edge legal tech firm Neota Logic set to disrupt the world of legal pricing for the benefit of clients and firms.

Lawyers continue to struggle with pricing – with many not comfortable talking about it or doing it. But it is the management discipline which can make the difference between profit and failure.

The recent trickle of law firm and legal supplier firm failures could become a stream unless new ways are found to manage severe cash flow problems affecting the industry, according to Martyn Jennings, founder and chief executive of Burcher Jennings and a leading expert on legal costs.

Pressure from the courts on parties in costs cases, in common with other matters, to use mediation to settle disputes – including a growing number of penalties for parties that decline mediation – lies behind today’s launch from leading costs, pricing and funding specialist Burcher Jennings of a new Costs Mediation Service. The service will help parties to resolve matters with reduced delay, expense and uncertainty – and to avoid the threat of penalties from the courts for declining to mediate.