Leading firm Harmans Costs has launched a ‘Costs Expert’ app – available for free on both iPhone and Android – featuring what it says is the first ever interest calculator for the costs industry.
The calculator allows users to input various data, such as date of order, amount of offer, costs to date and any payments on account, to calculate totals inclusive and exclusive of interest.
The firm said that previously this calculation could only be done using a complex formula “and some well-educated guess work”, and so it was “very confident that this will prove to be an invaluable tool for users”.
Other features of Costs Expert include a court directory allowing users to find the nearest county court or civil justice centre to their location along with its contact details, map and directions. The directory also has a link to the latest court fees.
There is also a ‘book a collection’ section which interfaces with the Harmans’ office diary and allows the user to book a file collection using the firm’s free courier service.
Users can ask Harmans’ specialists a question via the app, which will keep a bank of previously answered questions.
Senior partner Matthew Harman said: “We are delighted to launch our app Costs Expert and I’m confident that the interest calculator will prove to be a very useful tool for all costs lawyers and solicitors. I think it fills a void in the market; in fact, I have been using the calculator myself on a daily basis while the app has been in development and it’s a real time saver.”