The Judgments Act 1838 and Interest on Legal Costs
Under the Section 17 of the Judgments Act 1838, a receiving party can claim 8% interest on unpaid legal costs. The burden for interest can be reduced by virtue of completing a realistic assessment assessment of the amount of costs payable, and raising a payment on account. Interest will not run on any payment of costs made on...Read More
Disbursement funding loans are becoming an increasingly popular method for law firms to assist in funding expensive litigation and maintain cash flow, for instance in clinical negligence claims or commercial disputes. However, such loans come attached with interest payments. The question on whether interest paid on a disbursement funding loan can be recovered by a successful party has...Read More
What is Money Claim Online (MCOL)?
Money Claim Online (MCOL) is a method of settling a dispute or disagreement by initiating a County Court claim for a fixed sum of money. It is a straight forward way to commence Court proceedings for small claims which amount to less than £100,000.
These types of claims should be issued by one Claimant, against no more than two defendants. The HM...Read More
What is Proclaim Go?
Eclipse Legal have launched a new mobile and tablet friendly app which will help fee earners access important information whilst on the go. Proclaim Go was developed for legal professionals who find themselves travelling often or requiring access to live case information whilst in client meetings.
This innovative new solution allows fee earners to undertake a...Read More
What is a Precedent H Costs Budget?
A Precedent H Costs Budget is used at the beginning of the litigation process and outlines the details of any costs expected to be incurred throughout the case. Practice Direction 3E sets out the rules for case management, including costs budgeting .
A Costs Budget should include all base costs incurred to date, future costs expected to be incurred...Read More
What is a Fee Challenge Under the Solicitors Act 1974?
Part III of the Solicitors Act 1974 regulates the amount of disbursements and costs which a Solicitor can invoice within their bill to their client. Under this Act, the client has the ability to dispute the fees, such as success fee deductions, and disbursements within the Solicitor’s bill. This act applies to a large range of...Read More