Head of Chambers, 4 New Square Chambers
Nick Bacon is one of the best-known leading barristers in his specialised field of costs. He is described in the Legal 500 as having “probably the biggest costs practice at the Bar” and by Chambers and Partners as being “top of the tree in this field”. He has appeared in practically all of the most important costs funding cases in recent years. He is a recognised specialist in that area having been appointed as an Assessor in the High Court on appeals against costs assessments. He sits as a Recorder in both civil and criminal work and is authorised to sit as a Deputy High Court Judge (s.9(1)).
He advises on all aspects of inter parties and Solicitor Act assessments and represents both claimants and defendants, insurers and funders and solicitors either pursing costs or defending clients’ challenges to their fees. He has been instructed in some of the largest costs claims to come before the courts
He is an advisor to a number of Unions and Incorporated Associations and Membership Organisations in respect of funding agreement structures and related legal expense insurance arrangements.
He has advised many if not all of the leading Third Party funders in the market on funding terms and funding structures both domestically and internationally.
He is regularly instructed to advise on funding structures in group litigation both before the Commercial Court and Competition Appeal Tribunal.
He is often retained by the leading ATE insurers to advise on the form and content of LEI policies underlying the insurance. He is often instructed to advise on and draft associated panel solicitor documentation for claims management companies.
He was a former member of the Civil Procedure Rules Committee, a member of Lord Justice Jackson’s working group on the report into Civil Costs Review, current member of the Civil Justice Council working party on the review of third-party funding, the working party in respect of the review of costs budgeting and the CJC’s review of hourly rates.