The Chairman of the CJC Costs Committee, Mr Justice Foskett, has issued the following statement:
“The Committee has completed its initial task of producing recommendations for new Guideline Hourly Rates and has submitted its report to the Master of the Rolls.
“We have submitted this a little later than we had anticipated, a reflection of the scale and complexity of the task and the need to reach agreement as far as possible on some very difficult issues. The report will not be published until the Master of the Rolls has had an opportunity to consider it fully and to decide whether or not to accept the Committee’s recommendations. We envisage that Lord Dyson will, in due course, publish our report alongside his final decisions on what the rates should be, and the date from which they will take effect.”
The Master of the Rolls, Lord Dyson, said:
“I am very grateful to David Foskett and all of his Committee members and expert advisers for the immense effort they have all put, on an entirely voluntary basis, into this important exercise. I am acutely conscious that the decision on setting rates may have far reaching effects on the legal services market, and I will consider the Committee’s very comprehensive report with great care. I will complete this process as soon as possible, and I will announce a date on which my decision will be published as soon as I am able to”.