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Costing Fundamentals

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Costing Fundamentals

Date & TimeTBC
Format Workshop
Price

Member

$360.00

Non-Member

$480.00

CPD Units 3
  • Practice Management & Business Skills
Venue LIV Meeting Rooms, Level 13, 140 William Street, Melbourne View Map

Understanding the landscape of legal costing can help you identify risk areas in a matter, open up unexplored chargeable work and assist you to better manage your client’s cost expectations...

Further details below.

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Further Details

  • Full Description

    Understanding the landscape of legal costing can help you identify risk areas in a matter, open up unexplored chargeable work and assist you to better manage your client’s cost expectations.

    In this workshop, our experienced costs lawyer will cover a range of costs issues relevant to your daily practice to ensure you have the skills you need to manage costing for your clients.

    Topics will include:

    • scoping work and preparation of cost agreements
    • your costs disclosure obligations: what do they mean in practice?
    • tips and tricks to maximise your cost recovery
    • offers of compromise and Calderbank letters: getting it right
    • understanding your liability for fees of third parties like counsel, experts, etc.
    • understanding the new Costs Court process and what it means for your client in the taxation of a matter.
  • Presenter

    John Colonna, Principal Costs Lawyer, LIV Costs Lawyers.  Accredited Specialist.

    JohnColonna John is the manager of LIV Costs Lawyers and has practised exclusively as a costs lawyer since his admission to practice. He has experience in assessing files and drawing bills of costs for firms as an external costs consultant, in addition to acting as an in-house costs advisor and assessor, and an advocate before the Costs Court both in mediations and at taxation of contested bills of costs. Being regularly exposed to rulings made on items in bills, John is well placed to advise solicitors how to maximise their costs recovery, or minimise their clients’ liability to pay opposing party’s costs.

     

  • Learning Outcomes

    By attending this workshop, you will:

    • gain a greater understanding of the fundamental issues of costing your legal work, including how to prepare cost agreements that properly reflect the scope of your work for the client, how to maximise your cost recovery and how to identify potential cost risk areas
    • apply the material you have been taught during the workshop and your knowledge of legal costing creatively and with initiative to address hypothetical problems
    • acquire experience in collaborative learning and demonstrate personal and communication skills to function effectively in small groups
    • be empowered with actionable takeaways that you can immediately implement in your daily practice
    • benefit from a blend of expert instruction and practical learning activities.