CPR 3.15(8) | £870 Hourly Rate And £90,000 Brief Fee For Leading Counsel Deemed Disproportionate In £1.2m Claim
In Pontis Finance LLP v Karam, Missick & Traube LLP the court determined reasonable and proportionate budgeted costs following administrative delays that converted future costs to incurred costs. The central issue was proportionality of the Claimant’s £489,891.31 budget for a £1.2 million professional negligence claim, featuring solicitors’ rates substantially exceeding guideline rates and instruction of both leading and junior counsel. The court found the overall costs disproportionate for a claim of moderate complexity. While CPR 3.15(8) restricts courts to approving phase totals rather than specific rates, following GS Woodland Court GP1 Ltd v GRCM Ltd, excessive rates combined with hours billed could render totals disproportionate. Applying a broad-brush approach, the court reduced Trial Preparation from £136,550 to £115,000 and Trial from £88,700 to £50,000, assessing rates against London Band 2 rather than Band 1 guidelines. The decision demonstrates how guideline rates remain critical in proportionality assessments despite CPR 3.15(8) limitations.