Our Debt Recovery team has many decades of collective experience in delivering high quality work in debt recovery and dispute resolution. We set out information below on our fees for debt recovery, but these only relate to debts of up to £100,000. By its very nature, all of our work for our clients is different and we cannot accurately predict the exact level of fees in all cases. However, we set out below the best information we can in relation to our charges.
We have several members of the team who may work on your matter. In all cases, they will ultimately be supervised by David Hitchcock who is a Partner and Head of the Dispute Resolution department. Before we start work on your matter, we will confirm the structure of the members of our team who we expect to work with you, including a summary of the work we expect to undertake.
We set out some information below regarding our fees. In all cases, there will be certain aspects of work which we are likely to need to undertake, which include the following:
We will confirm the hourly rates of the staff who are likely to be working on your matter at the beginning of our instruction. Those rates will range, depending on which members of our team are involved, from £200 to £400 plus VAT (at the current rate of 20%).
It is very difficult to accurately predict what our fees will be in any particular dispute, as each case is different. However, based on our experience of these issues, our fees for dealing with the issues we set out above is likely to be:
In our experience, there are recurring factors which may increase the complexity of a claim:
Those cases which are less complex typically include some of the following:
It is important you understand that our fees are not the only relevant costs which you will have to pay. Depending on how your matter progresses, you may also have to pay some or all of the following:
The fees we refer to above relate to undisputed debts. It is important to understand that if a debt is disputed at any stage, it is likely to increase the complexity of the matter and result in further work at additional cost. We will discuss those issues, and costs, with you further if those circumstances arise. That includes any additional complexities in court proceedings which may include, for example, “interim” (or ancillary) applications, directions from the Court or appeals. The fees we refer to also do not include costs for any enforcement process, once a judgement is obtained.
We will add VAT to our fees at the rate in force at the date of our invoices (at the current rate of 20%). Where we refer to fees on this page, we intend to refer to VAT exclusive fees and VAT should be added to them. We will also charge you VAT on most third party expenses we incur, but not all of them. For example, there is currently no VAT payable on court fees, but there is on the fees of a barrister.
The timescale for dealing with any dispute will vary depending on the factors we have already discussed on this page. In some cases, a compliant debtor may pay up within a matter of days or weeks. In other cases, particularly if a contested trial is necessary, the process can take many months and sometimes more than 1 year, especially if the court system is especially slow. Our experience is that on average those debts that are dealt with before the need to start court proceedings take less than 3 months to resolve and can be much quicker. Those that require court proceedings take on average around 6-8 months to deal.
Please contact us for a fee proposal tailored to your particular circumstances.
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