Guideline hourly rates (GHR) should be increased by 35% to reflect inflation pending the outcome of a review, a High Court has said
Guideline hourly rates (GHR) should be increased by 35% to reflect inflation pending the outcome of a review, a High Court has said.
Cohen v Fine and Ors [2020] EWHC 3278 (Ch) was a costs case involving the costs of a professional executor.
He applied for £48,000 in costs but the judge awarded him just £27,000, a sum then increased on appeal to nearly £36,000.
Judge Hodge QC, handing down the ruling, said in his experience of sitting in the business and property courts, “the present GHR are considerably below the rates actually being charged by the solicitors who practise in those courts”.
He added that the table of counsel's fees also “bears no relationship to the ...
