We will always endeavour to charge competitive legal fees. For our debt recovery work, these are usually calculated on an hourly basis. However, we may agree on a fixed fee upon assessment of your case.
Our hourly rates are as follows: -
|Position of Solicitor||Rates per Hour|
|Partners||£325 to 375 (£390 to 450 incl. VAT)|
|Solicitors||£250.00 (£300.00 incl. VAT)|
|Paralegals, Legal Assistants and Trainee Solicitors||£200.00 (£240.00 incl. VAT)|
We will provide you with an overall fee estimate at the start of your matter and shall aim to keep you updated throughout.
Small claims up to £10,000 - Our fee would be in the region of £3,000.00 to £4,500.00 plus VAT
In a small claims matter, legal fees other than fixed costs are generally not recoverable from the other party. What this means is that you will usually be responsible for your own legal costs whatever the outcome of the Court action.
Disputed claims (depending on the value) can take up to 6-12 months to resolve under the small claims track.
Breakdown of small claim fees:
Pre-action letters and follow up correspondence: £500 - £1,000 plus VAT
Issuing proceedings: £500 plus VAT - £750 plus VAT
Disclosure/witness statements: £1,250 - £1,850 plus VAT
Trial preparation: £750 - £900 plus VAT
Recovering debts of more than £10,000 to £25,000 (Fast Track) - Our fees would be in the region of £8,000.00 to £15,000.00 plus VAT
In these cases, it is possible for a successful party to recover its legal costs from the other side. However, please note, even where you are successful in your debt action, you are unlikely to recover 100% of your legal costs.
Disputed claims (depending on the value) can take up to 1-3 years to resolve in the fast track or multi-track.
Recovering debts of more than £25,000 to £100,000.00 - Our fees would be in the region of £30,000.00 to £60,000.00 plus VAT
Disputed claims (depending on the value) can take up to 1-2 years to resolve in the fast track or multi-track.
Not sure whether to pursue a claim?
We can offer an initial consultation at a fixed fee of £150.00 plus VAT to advise you on your situation. You are under no obligation to instruct us any further after the appointment.
Statutory demand for debts owed by companies/individuals
In certain circumstances, it may be appropriate to draft and serve a statutory demand claiming payment of an undisputed debt. Our fees for doing this (including the cost of arranging for personal service of the demand on the debtor) will be in the region of £875 plus VAT. We can discuss this method (and the costs and disbursements involved) in further detail during our initial consultation.
These are out-of-pocket expenses we may need to pay to third parties on your behalf as part of the debt recovery process.
Should it become necessary to issue proceedings for recovery of an undisputed debt, the following Court fees will apply:
|Value of your claim||Court Issue claim||Filed via MCOL|
|Up to £300.00||£35.00||£25.00|
|£300.01 to £500.00||£50.00||£35.00|
|£500.01 to £1,000.00||£70.00||£60.00|
|£1,000.01 to £1,500.00||£80.00||£70.00|
|£1,500.01 to £3,000.00||£115.00||£105.00|
|£3,000.01 to £5,000.00||£205.00||£185.00|
|£5000.01 to 10,000.00||£455.00||£410.00|
|£10,000.01 to £100,000.00||5% of the claim||4.5% of the claim|
|£100,000.01 to 200,000.00||5% of the claim||You cannot make a claim online|
|More than £200,000.00||£10,000.00||You cannot make a claim online|
The exact cost these disbursements shall vary on a case by case basis. They include: -
- Barrister’s fees
- Expert’s fees
For your peace of mind, any additional fees will be discussed with you before they are incurred so that you may approve the expenditure.