The Solicitors Regulation Authority’s Transparency Rules require us to provide detailed information on our website of the costs of some of our services. For businesses, the services which we provide, and which are covered by the rules include debt recovery up to a value of £100,000.
The information we provide is either the average cost or a range of costs of our fees, based on our hourly rates for our lawyers or other bases of charging, and any likely disbursements. Disbursements are costs that we incur with third parties such as HM Courts and Tribunal Services on your behalf and which we re-charge to you in our bill.
In addition, we provide information about the solicitors who will manage your matter, their qualifications and experience.
The information provided is based on our experience of the costs we charge for typical transactions or cases. Our actual charges may vary depending on the complexity of your matter and in cases where complications arise. We will always give you an individual cost estimate at the outset of your matter, taking into account the actual circumstances of your case. We will also update our estimate if any complications arise which may impact on our costs.
Our fees and the disbursements we will charge to you for a typical debt recovery claim cover the work and involve the costs set out below. In some cases, for example where the debtor pays immediately in response to a letter before action, the costs may be less. In some cases, where the basis of your claim is complex, the costs may be more, and we may need to instruct Counsel to advise and/or draft particulars of claim. In such cases you would have to pay Counsel’s fees in addition to our fees.
Our fees and disbursements for this work are based on the number of hours we take to complete the work multiplied by the hourly rates for the fee earner undertaking the work.
Total Solicitors’ Fees of £2,100 – £3,360 plus VAT
Range of applicable Court fees for debt claims worth up to £100,000 for the period after May 2021: Court fees of £35 to £5,000 will be payable unless you are exempt under the Court’s Help with Fees scheme.
Debt recovery claims involving default judgments normally take between 6-12 weeks to conclude, depending on whether it is necessary to issue a claim and file an application for default judgment.
Note however that the time taken by different courts to issue claims and process applications for default judgment can vary and this can impact on the overall time it takes for your case to complete.
This cost information does not cover situations where:
In these situations, we will advise you as to the cost implications bearing in mind the nature of the issues that have arisen.
Sadie Cunningham – Solicitor
firstname.lastname@example.org or +44 (0)20 7216 5526
Sadie qualified as a solicitor in September 2020 and has experience with handling debt recovery matters both at the pre-action stage and in the County Court on the Small Track (claims worth up to £10,000), Fast-Track (claims worth between £10,000 to £25,000) and Multi-Track (claims worth over £25,000).
The costs information provided on this page is based on Sadie’s hourly rate of £210 plus VAT.
Neil Hayter – Partner
email@example.com or +44 (0)20 7216 5553
Neil is a Partner in Druces’ Commercial Litigation team with over 25 years’ experience in general commercial litigation and all areas of dispute resolution including debt recovery, bankruptcy and insolvency matters.
For more complicated debt matters, Neil may supervise Sadie’s work in those cases. Neil’s hourly rate of £350 plus VAT may need to be factored into the calculation of fees. Such information will be made known to you at the outset of the matter.
Trainee Solicitors: Where appropriate, some of the work required to be carried out on your case may be undertaken by a trainee solicitor subject to the supervision of a more experienced lawyer. The hourly rate for trainee solicitors is £145-£165 per hour plus VAT.
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