Pricing for Debt Recovery
How We Charge For Our Services
Debt Recovery (up to £100,000)
Team Members and Supervision
The Debt Recovery team is frequently recommended by existing clients, many of whom have a long standing relationship with the firm.
Fees and Charging Structures
The fee information set out in this document relate specifically to those services in the ‘Services’ section and is indicative only. Once the full details relating to your particular matter are understood, we will provide a specific fee proposal which, upon confirmation of our instruction through a signed client engagement letter and terms of business, will form the contractual basis upon which we will deliver our services.
During the progress of any matter it is possible that fees may change, up or down, due to change in your instructions, or because it is necessary to reassess the level of complexity of the matter should new information come to light or circumstances change. Should this be the case, we would discuss this with you at the time and agree any changes before progressing.
Any additional services required outside those set out in the Services section would be quoted separately on an individual basis.
Debt Recovery, up to £100,000. We will assist with the recovery of your debt claim from the sending of a letter before action through to enforcement of a judgment if necessary.
Key stages in delivering these services
The life of a claim can vary dramatically on a case by case basis. In our experience, non-contested cases can take between seven days and six months. We will be able to provide you with a more accurate estimate once we have understood your particular circumstances.
How we would charge for these services
We predominately charge fixed fees at each stage of the matter, payable at the point the step is taken:
- Initial instruction charge: £30.00
County Court Claims & Judgment
- Preparing court papers: £50.00
- Fixed recoverable solicitors costs at claim stage: £50.00 to £100.00 (the fee increases on a sliding scale along the same lines as the court issue fees discussed below)
- Fixed recoverable solicitors costs at judgment stage: £22.00 to £70.00 (fees will vary depending on the nature and value of the judgment being entered)
- Warrant of Execution fixed recoverable costs (County Court): £2.25
- Writ of Execution fixed recoverable costs (High Court Enforcement Officers): £51.75
- Attachment of Earnings Order & Third Party Debt Orders: £65.00
- Charging Order: £200.00
A 10% commission on any monies recovered also applies throughout the life of the matter. The commission charge is only charged on monies actually recovered, whether paid to us or you directly.
Defended claims allocated to the Small Claims Track (£10,000 and below) will be handled by the Debt Recovery Team. In such circumstances our fees for assisting will be charged on a time spent basis. The hourly rates for the Department are:
- Associate/Head of Department: £190.00
- Senior Paralegal/Manager: £130.00
- Paralegal: £115.00
- Debt Recovery Assistant: £90.00
What these fees include
- Pre-legal matters – includes taking your initial instructions, issuing a letter before action and any non-complex correspondence with the debtor
- County Court Claims – includes taking your instructions, reviewing documentation, undertaking appropriate searches and drafting/issuing the claim
- Judgments – includes advising on the options depending on the type of judgment being requested and filing the appropriate request with the court
- Enforcement – includes advising you on the options, drafting and preparing the appropriate application/request and continued monitoring of the process
- Defended claims – receiving, reviewing and advising on the contents of the defence, filing directions questionnaires, representing you in telephone mediation, drafting and filing witness statements and evidence, briefing an agent/counsel
What these fees do not include
Our fees do not include advice or action on any issues that do not relate to recovery of your debt or representation at hearings. Nor do they include complex cases or claims where counterclaims are filed.
Most debt claims are claimed on the basis of contract law. Should a claim require advice of a different area of law, such as landlord and tenant or employment law, we may need to refer your matter to a different department who will charge on a different basis. We will always inform you of the likely costs and seek your authority before taking such steps.
Unless expressly stated otherwise, all of the fees and disbursements referred to would be subject to VAT, payable in addition, calculated at the standard rate of 20%.
Disbursements are additional costs related to your matter that would typically be incurred by us on your behalf to ensure that the matter progresses in an efficient manner. These would be chargeable by us in addition to the fees set out above.
The disbursements that you can expect to be charged in respect of your matter are as follows:
- Trace agent fees: £25.00 to £70.00
- Other court fees: £100.00 to £255.00 (including VAT)
- Hearing fee (for defended claims): £25.00 to £335.00 (including VAT)
- Advocate fees: £80.00 to £250.00
- HM Land Registry fee for registration of a charge: £45.00 (including VAT)
- Copies of a title register: £3.00 (including VAT)
Court issue fees
|Debt value||Recoverable Court issue fee|
|£25.00 to £300.00||£35.00|
|£300.01 to £500.00||£50.00|
|£500.01 to £1,000.00||£70.00|
|£1,000.01 to £1,500.00||£80.00|
|£1,5001.01 to £3,000.00||£115.00|
|£3,000.01 to £5,000.00||£205.00|
|£5,000.01 to £10,000.00||£455.00|
|£10,000.01 to £25,000.01||5% of the value of the claim|
|£25,000.01 to £100,000.00||5% of the value of the claim|
To find out more about our Debt Recovery services, please contact us on 0800 2800 421 or get in touch here.