You are reading a single comment by @Oliver Schick and its replies.
Click here to read the full conversation.
-
It means 'The other side are going to have to pay your costs, and how much you're entitled to will have to be assessed at a later date. But here's a proportion of your costs to be getting on with.'
General rule of thumb=
Payment on account: 50% of what you've actually spent
Total costs on the standard basis: 65-70% of what you've actually spent
Total costs on the indemnity basis: 80-90% of what you've actually spentI'd guess Jack's total costs bill is in the order of £200k, and she'll probably get back another £20-30k on top of the £107k she's already been awarded.
-
It means the cost that is already known.
The rest is only estimated and will still have to be worked out.
(From The Secret Barrister on the Twitter.)
Brommers
johnnyhotdog
@Oliver Schick
Also, could someone perhaps explain what 'costs on account' means? I've tried searching the Internet and it seems like too much work. :)