Services

JIM DIAMOND

COSTS LAWYER & COMMISSIONER FOR OATHS

On 15th Dec 2016, the CMA published a 514-page report (link below) on the legal service industry and concluded there is a lack of transparency.

 

The report aimed at the small/medium size law firms will also indirectly affect the larger legal firms. The headline suggestion in the report, recommends on-line publication of rates/prices ( on the website). So if the legal regulator(s) introduce professional conduct rules in this regard, then common sense dictates they will apply to all the law firms, including the major city legal practices.

 

This report will, in my view open up the Pandora's box on a whole range of law firms stats on performance, competitiveness and prices.

 

David Bennett the former Strategic Client Analysis Manager at Clifford Chance has joined me as a consultant.

Services Provided

Litigation Funding Management

Jim, has vast experience working with and for the UK and US litigation funders. Jim is uniquely placed to give an independent view of the providers of litigation funding in terms of the process and price structures they offer. Jim has introduced clients to UK litigation funders with global claims in excess of £150.

 

Jim, also provides a costs management service to both the funders/clients in regard managing/controlling the legal costs of the individual litigation.

 

Fees are based on either a win fee or an agreed monthly retainer fee.

Buying Legal Services

1. Independent review of your external law firms hourly rates and charges in comparison to the marketplace.

 

2. Independent review of your external law firms billing protocols/budgets methods; including a comparison of budgets given re actual prices charged.

 

3. Independent review of a cross section of your cases/matters over the previous 1-3 years on prices.

 

4. Independent review of a cross section of your cases to analysis starts to finish time scales, risk against reward analysis.

Law Firms

1. Independent review of your hourly rates and charges in comparison to the marketplace.

 

2. Independent review of your billing/budgets methods; including a comparison of budgets given re actual prices charged.

 

3. Independent review of a cross section of your client's views on your prices/services.

 

4. Independent review of a cross section of your cases to analysis starts to finish time scales.

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