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I wonder if LJ Jackson would have accepted fixed costs on a brief in his day as a jobbing barrister. That's the problem isn't it?

Unfortunately this doesn't address the problem of unintended consequences. You see this all the time. If a Defendant knows they're in it for £x, there's no real sanction. They'll most likley drag their heels. I suppose the insurer can avoid costs by settling early to avoid going into the next part of the matrix (I've seen the grid), but they don't do that now do they?

The other unintended consequence is that some firms will do as little as they can to maximise the profits - more inexperienced staff handling greater value cases, and yet more deskilling that has been widespread in the fast track industry.

Cases are going to be even less prepared than they already are, and there's going to be a lot of quick settlements.

Sadly those in the higher echelons of power are determined to turn the profession into an industry.

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