Debt Recovery (up to £100,000.00)
Our Fee Earners rates (excluding VAT) are: –
Solicitor – £218 per hour
Legal Executive – £161 per hour
Paralegal/ Trainee Executive/Solicitor – £118 Per hour
We will give a cost estimate at the start of each case. Our fees are broken down into the three main stages of debt recovery. Please note each case varies and may not need to follow all three stages to achieve the desired outcome. Below are the average times we anticipate a usual debt case to follow:
Pre – Litigation Conduct – between 1 – 3 hours.
Litigation – between 3 – 15 hours.
Litigation Enforcement – between 1 – 3 hours.
Our fees include taking instructions, corresponding with the opponent in a manner following the Debt Pre-Action Protocol, negotiating settlement or preparing to issue a Claim. If a claim is issued the below anticipated disbursements apply. Please note that these costs and disbursements may be recoverable from the opponent if your case is successful.
Anticipated additional disbursements 2018 – April 2019
- Court Issue Fee – from £35 up to 5% of the value of the Claim.
- Barrister’s Fees (if instructed to use) – From £500 plus VAT.
- Enforcement Fees – between £55 – £110 depending on enforcement method used.