Video: Party Party Costs & Time Costing | Law Institute of Victoria
Among the recommendations in the Report on Litigious Costs was the endorsement to adopt time costing guidelines, based upon the NSW Guidelines 2016. This was recommended with the aim of simplifying the measure of costs assessment and to enhance the transparency of reasonable charging rates.
This video will explore the nuances of this model and the implications time costing holds for party/party costs including:
• How this approach is applied across jurisdictions
• Issues to watch out for and considerations to bear in mind
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