Pricing Information for Debt Recovery up to £100,000
Costs
Our costs are a guide and are not intended to represent a formal quotation or fixed fee. All prices are exclusive of VAT and all disbursements, including barristers’ and experts’ fees.
We do not offer fixed fees and charge on hourly rates.
Our hourly rates range from £200 plus VAT to £500 plus VAT depending on the seniority and experience of the lawyers involved. Please see the individual profile pages of each of our lawyers for further information about their role, experience and qualifications.
Issuing Court Proceedings
Our hourly rates range from £180 plus VAT to £500 plus VAT depending on the seniority and experience of the lawyers involved. Please see the individual profile pages of each of our lawyers for further information about their role, experience and qualifications.
The fees vary depending on the complexity of the case and a range is set out below.
Simple Case £5,000 – £15,000
Medium Complexity Case £15,000 – £30,000
High Complexity Case £30,000 – £50,000
The fees set out above cover the work carried out by us in relation to the key stages of a claim which are as follows:
- Taking initial instructions from you,
- Drafting Letter of Claim
- Reviewing relevant documentation and identifying relevant claims;
- Advising you on time limits;
- Providing initial advice on merits of your case and any likely compensation;
- Ongoing review and reassessment of that initial advice;
- Exploring whether early settlement of your claim is possible;
- Preparing correspondence to the other side;
- Instructing a barrister/counsel on your behalf as appropriate;
- Preparing your claim;
- Reviewing response to the claim and advising you accordingly;
- Exploring settlement and negotiating throughout proceedings;
- Preparing a costs schedule and/or precedent H;
- Reviewing documentation provided by you as part of the disclosure process during litigation;
- Reviewing and advising on documents disclosed by the other side;
- Agreeing a bundle of documents to be referred to during the trial;
- Taking witness statements from you and other relevant witnesses;
- Reviewing and advising on the witness statements provided by the other side;
- Agreeing a list of issues, a chronology and/or a cast list as required by the court; and
- Preparation for and attendance at a final hearing, including meetings with barrister/counsel and preparing you for the hearing.
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as barristers’ fees.
Barrister’s Fees
Barrister’s fees depend on the seniority and experience of the barrister(s) involved in your case. In certain cases, we will instruct the barrister at an early stage and fees will vary depending on the assistance required. The fees below for barristers are for a trial.
On a straightforward case listed for a 1-day hearing, instructing a junior barrister is likely to cost between £750 plus VAT and £1,200 plus VAT.
For a medium complexity case, listed for a 3-day hearing, the barrister’s fee is likely to be between £4,000 plus VAT and £8,000 plus VAT and the refresher for each of the additional days between £1,500 plus VAT to £2,000 plus VAT.
For a complex case involving one or more of the factors set out above, the hearing is likely to last up to around 10 days or more. This type of case would normally require a more senior barrister and the fee is likely to be between £20,000 plus VAT to £40,000 plus VAT, with a daily refresher of between £2,500 plus VAT and £4,500 plus VAT.
Court Fees
The Court fees for issuing a claim are typically 5% of the value of the claim subject to a maximum of £10,000.
How long will my matter take?
The time that it takes from receiving your initial instructions to the final resolution of your matter will depend largely on the stage at which your case settles or is otherwise resolved. If a settlement is reached before a claim is issued court, your case is likely to take 8-12 weeks. If your claim proceeds to a final hearing at court, your case is likely to last 12 months or more. These time frames are estimated, and we will provide you with updated and more accurate timescales as the matter progresses.
Winding Up Petition
In circumstances where a debt is not subject to a dispute or a genuine dispute which can be extinguished by a cross-claim, a creditor may present a winding up petition against the company owing the debt.
Our costs are a guide and are not intended to represent a formal quotation or fixed fee. All prices are exclusive of VAT and all disbursements, including barristers’ and experts’ fees.
We do not offer fixed fees and charge on hourly rates.
Our hourly rates range from £200 plus VAT to £500 plus VAT depending on the seniority and experience of the lawyers involved. Please see the individual profile pages of each of our lawyers for
further information about their role, experience and qualifications. For uncontested claim, our fees would range from £1,500 to £3,000.
Disbursements
- Court Fee – £280
- Official Receiver Deposit – £1,600
- Search Fee – £11
- Gazette Advertisement – £74.68
- Counsel’s Fee (if uncontested) – £300
- Service of Winding up Petition – £150
The above fees and disbursements are based on an uncontested claim and one hearing being required.
The fees set out above cover the work carried out by us in relation to the key stages of a claim which are as follows:
- Taking initial instructions from you,
- Reviewing relevant documentation;
- Providing initial advice on merits of your case and any likely compensation;
- Ongoing review and reassessment of that initial advice;
- Exploring whether early settlement of your claim is possible;
- Drafting statutory demand where appropriate;
- Preparing winding up petition;
- Issuing and serving winding up petition;
- Instructing a barrister/counsel on your behalf as appropriate;
- Reviewing response to the claim and advising you accordingly;
- Exploring settlement and negotiating throughout proceedings; and
- Preparation for and attendance at hearing.
How long will my matter take?
The time that it takes from receiving your initial instructions to the final resolution of your matter will depend largely on the stage at which your case settles or is otherwise resolved. If a settlement is reached before a winding up petition is presented, your case is likely to take 8-12 weeks. If your claim proceeds to a hearing following a winding up petition, your case is likely to last 12 – 24 weeks. These time frames are estimated, and we will provide you with updated and more accurate timescales as the matter progresses.
Bankruptcy
In circumstances where a debt is not subject to a dispute or a genuine dispute which can be extinguished by a cross-claim, a creditor may present a bankruptcy petition against the individual owing the debt.
Our costs are a guide and are not intended to represent a formal quotation or fixed fee. All prices are exclusive of VAT and all disbursements, including barristers’ and experts’ fees.
We do not offer fixed fees and charge on hourly rates.
Our hourly rates range from £200 plus VAT to £500 plus VAT depending on the seniority and experience of the lawyers involved. Please see the individual profile pages of each of our lawyers for further information about their role, experience and qualifications. For uncontested claim, our fees would range from £1,500 to £3,000.
Disbursements
- Court Fee – £280
- Official Receiver Deposit – £1,600
- Counsel’s Fee (if uncontested) – £300
- Service of Statutory Demand – £150
- Service of Bankruptcy Petition – £150
The above fees and disbursements are based on an uncontested claim and one hearing being required.
The fees set out above cover the work carried out by us in relation to the key stages of a claim which are as follows:
- Taking initial instructions from you,
- Reviewing relevant documentation;
- Providing initial advice on merits of your case and any likely compensation;
- Ongoing review and reassessment of that initial advice;
- Exploring whether early settlement of your claim is possible;
- Drafting and serving statutory demand;
- Preparing bankruptcy petition;
- Issuing and serving bankruptcy petition;
- Instructing a barrister/counsel on your behalf as appropriate;
- Reviewing response to the claim and advising you accordingly;
- Exploring settlement and negotiating throughout proceedings; and
- Preparation for and attendance at hearing.
How long will my matter take?
The time that it takes from receiving your initial instructions to the final resolution of your matter will depend largely on the stage at which your case settles or is otherwise resolved. If a settlement is reached before a winding up petition is presented, your case is likely to take 8-12 weeks. If your claim proceeds to a hearing following a winding up petition, your case is likely to last 12 – 24 weeks. These time frames are estimated, and we will provide you with updated and more accurate timescales as the matter progresses.
Litigation Funding
We understand that the cost of legal advice is sometimes troubling, accordingly we are able to consider alternative litigation funding products including:
- Conditional Fee Agreements (CFAs)
- After the Event Insurance (ATE)
- Damages-based Agreements (DBAs)
- Third-party Funding Agreements
We provide transparency in legal costing as part of our client care procedure, ensuring our clients are in control of their budget throughout the entire legal process. There are various factors to consider when understanding your spend including fees for witness statements and court fees, all of which we will collate to ensure that your cost estimate is as accurate as possible.
If you would like any further information on our fees or to discuss the various insurance and alternative funding options available to you, please get in touch with the team. We’d be delighted to advise further.