DEBT RECOVERY UP TO £100,000

Our fees depend very much on the nature of your claim. Usually, our fees are charged on a time-cost basis at the hourly rates set out above.

 

We may consider offering a Conditional Fee Agreement (CFA), or Damages Based Agreement (DBA) (often referred to as a “no-win no-fee”). 

 

If we do offer a CFA and DBA this will usually be by way of a separate agreement, however the CFA or DBA will only apply to legal fees and not disbursements which you will be liable to pay and can include (but are not limited to the following disbursements), company search fees, Counsel’s fees, Land Registry search fees, agents fees, court fees, experts' fees, travelling expenses, copying charges.

 

Below is an estimate of the typical charges:

 

  • For attending to you including initial consultation, reviewing papers to assess the potential claim - £1,500 plus VAT

  • For investigating the case and preparing and filing the claim form and attending to any statement of case in response (counter-claims, replies to defence and or defence to counterclaim) - £3,500 plus VAT.

  • For attending to and agreeing where possible directions, cost budgeting (if applicable), and filing with the Court requisite allocation and pre/post cost and case management conference documents - £2,500 plus VAT 

  • For dealing with disclosure, witness statements, negotiations, and all work preparatory to a hearing - £5,000 plus VAT 

  • For attending a final hearing with Counsel assuming less than a 1-day trial - £1,500 plus VAT 

 

We repeat and for the avoidance of doubt, the above estimates are not firm fee quotations because every case is unique and requires separate consideration. The above figures are provided purely for illustrative purposes to provide you with the likely estimate of our charges.

 

We strongly suggest you contact the firm directly in order that we can understand the nature of your specific instructions in order that we can provide you with a bespoke quote.

 

Debt recovery disbursements

Below are examples of typical disbursement which may be incurred on your behalf in relation to your matter.

 

  • Court issue fees – the fee payable to the Court for issuing (commencing a claim) is fixed by the Court. The current fees payable is available here. No VAT is chargeable in respect of Court fees.

  • Other Court fees - During proceeding other court fees may be payable in relation to applications, consent orders or other related matters. Such court fees can range between £100 and £500. No VAT is chargeable in respect of Court fees.

  • In some cases, we may recommend taking advice from a specialist Counsel to advise on specific matter and or the prospects of success of your claim. We cannot provide a fixed fee for this, however, provide an estimate of Counsel’s fees ranging between £750 to £1,500 in respect of advising of matters from the outset. VAT in this regard will be chargeable on most Counsels’ fee. 

 

Key stages of a debt recovery matter

Every matter is unique. However, the following are guidelines of the various timescales and key stages.

 

  • Attending to you to investigate your claim, take instructions and prepare statement of case for filing at Court – 4-6 weeks

  • Attending to the opponent’s statement of case after issuing of claim – 2-4 weeks

  • Attending to matters and directions of the Court from close of parties filing their statement of case to trial, which include attending to case management directions, cost budgeting, disclosure, witness statements and trial preparation and attending a 1-day trial – approximately 12 months from issue of the claim. This timescale is very much dependant on the capacity of the Court handling your claim which we have no control over.

 

People who deal with debt recovery matters 

The people responsible for your matter will be Paresh Chohan (director/solicitor) or Krishan Kerai (director/solicitor). All trainee and or junior solicitors assisting with a transaction will be overseen be either of the above directors. All solicitors regulatory records can be checked at either the Law Society or at the Solicitors Regulation Authority.