LEGAL COSTS CONSULTANCY
Having been the principal Costs Draftsman for the Solicitors Indemnity Fund before and after they entered into run-off in 2000, Simon has worked for most of the insurance market that followed the Solicitors Indemnity Fund including (but not limited to) AIG Insurance, Zurich Professional & Financial Lines, Travelers Insurance, AON Claims Solutions, QBE Insurance, Catlin Insurance, Royal Sun Alliance, Hiscox Insurance, the Assigned Risks Pool, AmTrust, Mitsui and Inter Hannover.
In the course of working with the Solicitors Indemnity Fund Simon had involvement in three sets of case managed litigation where the Solicitors Indemnity Fund were faced with seven figure claims for costs from respectively, The Bristol & West Building Society, The Nationwide Building Society and Paragon Finance PLC. Since 2005 Simon has also acted for 5 Insurers in relation to the TAG & CLE litigation and has acted for another insurer in relation to claims for costs arising out of the PPP investors' litigation in the North of England.
In 2003/04 Simon advised the Claimant's Solicitors in litigation involving a claim for negligence against a well-known international auction house arising from the under-valuation of a painting later found to be worth in excess of £7 million. The Claimant's claim for costs amounted to in excess of £3.2 million. The monetary value of the Claimant's claim for a success fee of 100% was the largest claim proceeding in the Senior Courts Costs Office at that time.
In the course of his career Simon has attended numerous detailed assessment hearings and has had involvement in a number of important and reported cases involving the interpretation of the indemnity principle, conduct, in-house legal fees and the level of success fees. He has also acted as an expert witness, has had articles published in AON's publication entitled 'Switched On' and in June 2010 was one of the guest speakers at the 10th Annual Chartis Insurance Risk Management Seminar.
Simon was also very pleased to be asked to participate in the initial private consultation meetings with Lord Justice Jackson in early 2009 at the Royal Courts of Justice involving the Third Party Funding Market and the After the Event Insurance Market. The private and public consultations culminated in the Ministry of Justice moving forward with a radical overhaul of the costs system in England & Wales in 2013. As a result, this has led to a change to Simon's more familiar workload and has seen him move towards developing other markets, such as advising D&O insurers in relation to claims for costs arising out of civil and criminal investigations overseas, the USA in particular.