Master of the Rolls announces update to Guideline Hourly Rates

Article summary

The Master of the Rolls has announced an update to Guideline Hourly Rates. These rates are used for summary assessment of court costs in England and Wales. The update provides new figures across all grades (A to D) and geographical bands, including London 1-3 and National 1-2. The rates vary based on the fee earner's experience and location, with the highest rates applicable to Grade A solicitors in London 1 at £566 per hour. This revision ensures that the guideline rates reflect current market conditions and maintain fair cost assessment practices in legal proceedings.