When choosing your Costs Draftsman, it is important not to overlook these two crucial points:
- Under CPR Costs Draftsmen's fees are, in the main, recoverable. So if someone else is paying the fee, you might as well get the best you can!
- A good Costs Draftsman will justify his/her fee by uncovering hidden profit by applying appropriate enhancements and picking up on unrecorded time that can easily be turned into profit.
In many instances Gilligan & Company has been instructed to re-draw another firm's Bill and often succeeded in increasing the costs by 30-50%. However, drafting of the Bill is not the only important factor. You must also ask yourself important questions, such as:
- Is your current Draftsman advising you how to implement better practices to enhance recoverability of fees?
- Has he/she highlighted work that is being carried out unnecessarily and for which you are not being paid?
You see, a good Costs Draftsman is like a good Accountant, except in reverse! Your Accountant shows you how to save money by paying less tax; your Costs Draftsman should show you how to make more money by squeezing more profit out of your files. Combined, we make a good team!
