Legal fees for our debt recovery services
Details of hourly rates
Partner £245 + VAT
Associate £205 + VAT
Solicitor £150 + VAT
Trainee legal executive £95 + VAT
All matters will be supervised by a partner or associate.
Stage 1: Pre-action
- Our fees include: taking instructions and reviewing documentation; undertaking relevant searches such as with companies house or HM Land Registry, sending a letter before action, and advising upon expiry of the deadline contained in the letter before action to obtain instructions.
Stage 2: Issuing a claim
- Our fees include: taking instructions in relation as to how to proceed; drafting claim, diarising relevant dates, updating the client as to any response, whereupon we may revert to you with a revised costs estimate depending upon the nature of the response received.
Stage 3: Applying for default judgment
- Our fees include: taking instructions and drafting a request for judgment in default.
Stage 4: Enforcement
- Our fees include advising the client in relation to enforcement options, taking instructions, instructing the relevant party or drafting the relevant application, updating the client as to progress/outcome.
All fees will attract VAT at the prevailing rate. In addition to our own fees, disbursements may be payable. Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. Typical disbursements for an uncontested debt recovery could include a court fee; tracing agent fee in order to ascertain the whereabouts of a debtor or confirm their identity; land registry fees in order to establish whether they own property, and fees incurred in relation to enforcement, amongst others.
The following are drawn from recent cases:
*The costs set out above are exclusive of VAT and disbursements.
Please view this link to the court fees payable upon starting a claim, which are contained on page 5.
We would advise you in respect of likely costs and the costs you are able to recover at the beginning of your matter. For uncontested claims below £10,000, only fixed costs are recoverable. If your claim is worth more, your costs may be assessed. You can find more information here.