We would recommend that all fee earners consider the judgment in the case of Reynolds v Stone Rowe Brewer (http://www.bailii.org/ew/cases/EWHC/QB/2008/497.html)
This case highlights the potential pitfalls of not providing a clear and accurate costs estimate to the client. Forest Costing Service has recently been involved in a number of assessments under Solicitors Act 1974 where the costs have been reduced to a sum closer to that estimated to the client at the outset. In some circumstances this has resulted in the Solicitors losing tens of thousands of pounds.
If you are concerned about this issue or require any advice please do not hesitate to contact us on 01902 892636.