The costs below relate to uncontested debt
We generally only act in claims over £10,000 in value, as it is often not cost-effective to instruct solicitors for lower value claims as the majority of legal costs will likely not be recoverable.
If the matter becomes contested or disputed at any stage, we will discuss any further work required and provide a revised estimate depending on the complexity and extent of additional work needed.
Hourly rates: £180 – £300 plus VAT depending on the level of legal advisor instructed.
Typical time required for simple uncontested claims: 3 – 6 hours There are various factors that determine the amount of work involved and we would always review the financial viability of your case at the very outset and once the claim has been issued if the matter is defended.
When claiming costs from the debtor, it is important to note that although we will ask the debtor to pay your fixed costs it is not mandatory that these will be paid. You can claim interest and compensation and we will advise you of the applicable rates.
Court fees that you will be required to pay in addition to our legal fees are (based on claim value):
- £10,001 – £200,000: 5% of claim value
Additional court fees may apply depending on how the case progresses (e.g. hearings, enforcement).
Our estimate for uncontested claims typically include:
- Taking your instructions, reviewing documentation, investigating debtors and advising on your legal position (including interest/compensation entitlement). This may include advising on the use of tracing agent searches or property searches to ensure there appears to be reasonable prospects of recovering the sum owed. Any such searches will attract an additional fee.
- Preparing and issuing a legally compliant letter before action, outlining the details of your case, the extent of the legal relief you are entitled to and requesting payment from the debtor
- Agreeing a settlement, payment plan or otherwise receiving the full demanded sum from the Debtor
- Drafting and issuing a claim form to the relevant court if the debt is not paid and no settled agreement is made.
- Applying to the court to enter a Judgement in Default if the debtor fails to respond to court proceedings promptly
- Contacting the other side to request payment where a Judgement in Default has been issued by the court
- In the event payment is not forthcoming, advising you on enforcement options and next steps. Separate court or third-party fees will be payable for enforcement of a Judgement.
Additional costs (if applicable):
- Financial viability searches
We will always advise you of additional costs at the earliest opportunity.
The costs above apply to uncontested debt claims only. If the matter becomes contested or disputed at any stage, we will discuss any further work required and provide a revised estimate depending on the complexity and extent of additional work needed.
