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C Debt Recovery Business to Business debt that is disputed

Type of Service:  C Debt Recovery Business to Business debt that is disputed – Pre Action

 

Type of fee:    Agreed/Fixed Fee/Hourly Rate

 

(Varies on complexity of the case)

 

Costs:  Average cost from £500 - £10,000 excl. VAT for claims up to £100,000 

 

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

 

On average, this type of work takes 10 – 50 hours to complete. 

 

Hourly Rates: 

 

  • Director - £240 - £300 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
  • Lack of cooperation from the opponent
  • Number of Parties
  • Historical background
  • Jurisdictions of parties (should a defendant live outside the jurisdiction we would have to revisit costs estimates dependant on the country in question).
  • Complications relating to service
  • Investigations on the defendants and address of the defendant
  • Unforeseen complexities that may arise 
  • Language barriers or translations

 

*please note that these costs ONLY relate to disputed claims up to £100,000 including.

 

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
  • Advising on the response
  • Pursuing further pre action correspondence  

 

The costs quoted here do not include:

 

  • Court Fees such as Issue Fees. Find updated list of Court fees.    
  • Disbursements such as Barristers fees, experts fees, search fees e.t.c
  •  Disbursements such as not limited to Barrister’s fees, expert’s fees, search fees, translation costs  etc. if they become necessary;
  • Cost of asset trace
  • Counterclaims
  • 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  
  • Interest and compensation may take the debt into a higher banding, with a higher cost.

 

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) :

 

  • 3 – 6  Months from initial instructions
  • 6 – 12 Months from response

 

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.

 


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