We understand that transparency and certainty about legal costs is just as important as providing pragmatic and succinct advice with excellent response times.
We pride ourselves on being open and transparent on costs from an initial enquiry to a successful conclusion. We also regularly benchmark our costs against our local competitors.
We are required by the Solicitors Regulation Authority Transparency Rules to publish information on the cost for undisputed business to business debt recovery with a value of less than £100,000. We have provided this generic information below, please do get in touch directly so we can discuss your case in detail.
The below indication of fees only applies where your claim:
We will discuss with you at the outset whether your claim falls within the remit of our debt recovery offering. If your debtor disputes your claim at any point or your debt falls outside of the above remit, we will discuss any work required and provide you with advice about costs which may be a further fixed fee or on an hourly rate basis if more extensive work is required.
Letter Before Action (sent pursuant to the Practice Direction for Pre-Action Conduct and Protocol)
Our fees for the Letter Before Action include:
Our fees for the Letter Before Action do not include:
Issuing County Court Proceedings
In the event of non-payment by the debtor, county court proceedings can be issued. Our fee for drafting court proceedings based solely on unpaid fees is £400 plus VAT. In order to issue proceedings, you are also required to pay a court issue fee which is based on the amount claimed including interest. The court fee ranges from £35-£10,000 depending on the value of your claim.
Our fees for Issuing County Court Proceedings include:
Our fees for Issuing County Court Proceedings do not include:
Applying for Default Judgment
If the debtor fails to respond to the claim then you are able to apply for judgment in default. Our fee for applying for judgment in default and writing to the debtor enclosing the judgement is £100 plus VAT.
Our fees for applying for Default Judgment does not include:
As set out above, provided the debt is undisputed, we will work to fixed fees down to the stage of default judgment. Fees for enforcement of a default judgment will vary depending on method used but will be in the range of £750 – £5,000 plus VAT.
Work which falls outside our fixed fees is charged on an hourly rate basis. You will be advised of the applicable hourly rate and estimate of fees for work.
The hourly rates of the Dispute Resolution team are as follows:
Partner: £305 to £325 plus VAT
Senior Associate: £275 plus VAT
Associate: £220 plus VAT
Solicitor: £180 plus VAT
Trainee and paralegal: £90 to £120 plus VAT
Please note that the use of titles such as “Associate” or “Senior Associate” differ amongst firms and as such our rates may not be directly comparable with some of our competitors. Our rates are normally reviewed and benchmarked in April each year.
Our undisputed debt recovery work is generally carried out by trainee solicitors under the supervision of the solicitors in the dispute resolution team.
How long will undisputed business to business debt recovery take?
Each case is different and the timescale for payment can vary depending on the legal status (i.e. individual, limited company etc) of your debtor, their response to the Letter Before Action and/or claim. If a debtor is pro-active then you may receive payment within two weeks of instructions. However, if court proceedings are required to be issued and default judgment is obtained before payment is made by the debtor, the timescale for payment could be in excess of 3 months. If the debt is disputed or enforcement action is needed, the matter will take longer to resolve.
Anyone wishing to proceed with a claim should note that: