Located in the heart of London, Knapp Richardson are trusted specialists in law costs, data analysis and arbitration.
Our premises are in close proximity to the High Court/Senior Court Costs Office, making us ideal for clients across the capital. We work with many top law firms in London, along with providing advice to our client’s partners in Europe, the Channel Islands, BVI, Dubai and other jurisdictions.
With inflation and the cost of living rising over the past year, concerns over legal costs are greater than ever. Furthermore, in some ways, dealing with costs has become more contentious than ever.
Only, recently two significant High Court rulings served to emphasise the need for reform of the legal framework in relation to costs. There are calls to provide a fresh framework in line with modern legal practice and make bills of costs more accessible for clients.
The Association of Costs Lawyers (ACL) has put forward arguments that the law needs to be updated to avoid preliminary arguments over whether a bill is actually a bill before any debate could be had on its contents.
Using Costs Lawyers is one of the best ways to avoid uncertainties and pitfalls.
Experts like Knapp Richardson can help you avoid imprecision, uncertainty or ambiguity. Our team has an in-depth knowledge of the technical costs law, and can assist you in your bills. We are also highly approachable, and our team is always available to provide detailed or ad-hoc advice.
What are the most common issues with legal costs for companies?
High and unpredictable costs
Knapp Richardson can help you accurately anticipate the overall costs of all types of litigation.
The complexity of legal matters
Navigating complex regulatory requirements can be expensive unless considered carefully within the legal framework.
Dispute resolution and litigation
Dealing with legal proceedings , whether small or substantial, can incur significant legal fees in addition to the settlement costs. In general, mediation and arbitration is less expensive than court litigation, but can still be costly so you want to ensure excellent value for money.
Contract management
Our Costs Lawyers and Law Costs draughtsmen regularly drafting and review retainer contracts. They can help to resolve disputes over contract terms, which can be a prolonged and costly process.
Using our Costs Lawyers is a great alternative to having an in-house legal team.
Maintaining an in-house legal costs team can be expensive due to salaries, benefits and overheads (and that is without all the relevant training to keep up to date).
When using an external cost firm, you have a team that is supportive, communicative and always keeps you fully informed. That is a guarantee when you choose Knapp Richardson for all your cost requirements.
Companies can mitigate legal costs through several strategies.
That includes negotiating fixed or capped fee arrangements. The use of legal insurance can also help to cover unexpected legal costs.
If you’re looking for Costs Lawyers near you in London, find out more about Knapp Richardson. Or don’t hesitate to get in touch for more information.
