Keep an eye on costs

A reminder that we need to always keep an eye on costs in family law proceedings and what is known as “proportionality”; how much is being spent on the proceedings against how much the parties are seeking to gain by the proceedings.

Mr Justice Holman has criticised a couple for “tearing itself apart” as they argue over the family assets worth £50m.  They have spent £700,000 on legal costs already and the case has not yet reached Court.  The Judge described the situation as “extremely tragic” and “unedifying”.

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Although correct at the time of publication, the contents of this newsletter/blog are intended for general information purposes only and shall not be deemed to be, or constitute, legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. Please contact us for the latest legal position.

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