Type of Service:Debt Recovery Business to Business debt that is disputed – Court claim
Type of fee: Agreed/Fixed Fee/Hourly Rate
(Varies on complexity of the case)
Costs:
Debt Value |
Court Fee |
Our Fee (incl.of VAT) |
Up to £5,000 |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
£1,000 - £3,000 plus VAT |
£5,000 - £10,000 |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
£1,500 -£ 4,000 plus VAT |
£10,000 - £25,000 |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
£ 2500 - £7500 plus VAT |
£25,000 - £50,000 |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
£8,000 - £20,000 plus vat |
£50,000 - £100,000 |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
TBA on the claim - estimate costs on complexity |
Who will carry out the work?
- Director assisted by solicitor
- Solicitor/Director assisted by a paralegal
All work supervised by a Director, who retains ultimate responsibility and conduct of matters
Hourly Rates:
- Director - £240 - £3008 plus VAT
- Solicitor - £160 - £185 plus VAT
- Trainee Solicitor - £120 plus VAT
- Paralegal- £80-£100 plus VAT
The exact number of hours it will take depends on the circumstances in your case. Factors that may affect the hours can be:
- The amount of supporting evidence that we need to consider
- Number of Parties
- Historical background
- Jurisdictions of parties*
- Unforeseen applications*
- If there is a Counterclaim *
*costs may exceed the fee quote given the complexity case and will be advised on a case by case basis
What services are included in this?
- Initial attendance and consideration of the options and assessing most appropriate way forward based on client’s circumstances
- Reviewing documentation advising on the same
- Undertaking appropriate searches
- Sending a letter before action
- if the debt remains unpaid, drafting and issuing a claim
- Where Acknowledgment of Service or Defence is received, reviewing defence and advising you
- Instructing counsel, where appropriate
- Preparing or assisting with reply , if necessary
- Preparing witness statement and complying with court directions
- Preparing and attending trial
- Advising you throughout and liaising with counsel, where necessary
The costs quoted here do not include:
- Court Fees such as Issue Fees. Please find updated list of Court fees. This will be reflected on the value of the claim.
- Disbursements such as not limited to Barrister’s fees, expert’s fees, search fees, translation costs etc if they become necessary;
- Enforcement action to collect debt or enforce a judgment;
- Counterclaims filed by the opponent
- Appeals
- Interest and compensation may take the debt into a higher banding, with a higher cost.
- Complexities with issuing the claim in England, jurisdiction issues
- Complex background or history to the claim, which may involve considerable number of hours to investigate
- Translations and language barriers
We will let you know at the earliest opportunity and before any such fees are incurred by yourself, if any of these are applicable.
Time scale (on average):
- Small Track Claim – 6-12 Months from initial instructions
- Fast Track Claim - 12-18 Months from initial instructions
- Multi Track Claim – 12-24 Months from initial instructions
Please note the anticipated number of hours, fees and timescales are an estimate based on the facts above. All services are likely to vary and of course, we can give you a more accurate estimate once we have more information about your specific case.