INSIGHT

Pricing

The information contained within these pages is intended as a guide only. The cost of legal advice and representation can vary dramatically based on a number of factors to including (but not limited to) the complexity of your matter, changes in the scope of the work, unforeseen issues and how other parties involved respond. At the beginning of your matter we will assess your case and provide you with the best possible costs information at that stage.

For information about the possible costs of certain types of work please click on the links below.

Carter Bond hourly rates

  • Fee Earner Rates
  • Partners £325 – £375
  • Solicitors £250 – £325
  • Barristers £300 – £325
  • Legal Consultants £300 – £350
  • Trainee Solicitors £175
  • Paralegals and Legal Assistants £125 – £175
  • All hourly rates are exclusive of VAT

Debt recovery up to £100,000

Our Service

We can help you secure the repayment of a debt owed to you. This relates only to debt recovery up to £100,000. Our service is highly bespoke and will be tailored to your needs and type of debt to be recovered. You should note, however, that the course of the matter will be influenced significantly by the approach taken by the debtor and, as with all dispute resolution, there is no guarantee that you will be successful.

What is included

  • Taking your instructions and reviewing documentation.
  • Undertaking appropriate searches on the debtor.
  • Sending a letter before action.
  • Receiving payment and sending the same to you, or if the debt is not paid, drafting and issuing a claim.
  • Where no acknowledgement of service or defence is received, applying to the court to enter judgment in default.
  • When judgment in default is received, writing to the debtor to require payment.
  • If payment is not received promptly, then providing advice on next steps and likely costs.

What is excluded

The fees set out below would not include any further work, such as dealing with any defended debt (whether through litigation, negotiation or any alternative means of dispute resolution), any enforcement of a judgment, insolvency proceedings, any ancillary applications (such as an application to strike out or amend), any counter-claim or any appeal.

What we charge

We charge an hourly rate for our services. The hourly rates of our solicitors vary, as do the number of hours required to recover a debt. Dispute resolution is inherently unpredictable, and each debt and debtor are unique. To give you an indication of our likely fees associated with the work set out above under the heading “What is included”, we set out below example fee estimates for matters of varying complexity:

  • Low complexity – from £2,000 to £4,000
  • Mid complexity – from £4,000 to £7,500
  • High complexity – in excess of £7,500
  • The following factors are likely to increase the complexity of the matter:
  • The debtor having a defence, counterclaim or a right of set off.
  • There being multiple parties to the recovery action.
  • The debt having been assigned or factored.
  • The debtor appointing solicitors.
  • A higher-value debt.
  • The debtor being based overseas.
  • The debtor being hard to locate.
  • The debtor being hard to serve.
  • The legal or factual basis for the debt being complicated, disputed or unclear.
  • You being unfamiliar with litigation in the English courts.
  • In addition to our fees, you will need to budget for some or all of the following:
  • VAT
  • Instructing a barrister to represent you in court.
  • Instructing a process server to serve your claim on the debtor.
  • Instructing overseas legal advisers to advise on any elements governed by matters of foreign law.
  • Instructing finding agents to locate hard-to-find debtors.
  • Court fees for starting proceedings and at other stages in the litigation process. The court fees for starting proceedings range from £25 to £10,000, depending on the value of the claim.

We would usually discuss these additional third-party costs and services (known as disbursements) with you in advance and incur those costs on your behalf when necessary. You are responsible for these costs, though we would usually handle their payment for you to ensure a smoother process and add these costs to your invoice.

The figures indicated are exclusive of VAT.

Employment Tribunal: Pricing

Our service

Wether you are an employer or an employee, we are able to advise you on any claims as well as guide you through the dispute resolution process.

What we charge

Our pricing for bringing and defending claims is as follows:

  • Low complexity case: £10,000 to £20,000
  • Medium complexity case: £20,000 to £40,000
  • High complexity case: over £40,000

Factors that could make a case more complex:

  • if it is necessary to make or defend applications to amend claims or providing further information about an existing claim
  • defending claims brought by litigants in person
  • making or defending a costs application
  • complex preliminary issues
  • number of witnesses and documents
  • where there is an automatic unfair dismissal claim
  • allegations of discrimination linked to the dismissal
  • multiple claims or complex factual issues.

What is included?

The fees set out above cover the work in relation to the following key stages of a claim:

  • taking initial instructions, reviewing documents and advising on the merits of the claim, and likely compensation
  • entering into pre-claim conciliation where this is mandatory to explore whether a settlement can be reached
  • preparing a claim or response
  • reviewing and advising on a claim or response from the other party
  • exploring settlement and negotiating settlement throughout the process
  • preparing or considering a schedule of loss
  • preparing for and attending a preliminary hearing
  • exchanging documents with the other party and agreeing a bundle of documents
  • preparing and drafting statements with witnesses
  • preparing bundle of documents for use at the hearing
  • reviewing and advising on the other party’s witness statements
  • agreeing a list of issues, a chronology and/or cast list
  • preparation and attendance at final hearing, including instructions to counsel

If some of the stages above are not required, fees will be adjusted accordingly. Where you may wish to handle the claim yourself, seeking advice for only some of the stages, this can be arranged.

Disbursements: these are ancillary costs relating to your matter that are paid to third parties. We handle these payments on your behalf which are later billed to you.

How long will the matter take?

This is largely dependent on the complexity of the case and the stage at which it is resolved. More accurate timescales can be given upon being further instructed.

The figures quoted are indicative only for a typical case and are not fixed prices.  We would discuss the likely costs of your case as part of our initial instructions and review this throughout the matter.

The figures indicated are exclusive of VAT.

GET IN TOUCH

For more information, or to discuss your requirements, please contact our team on +44(0) 20 3475 6751 or info@carterbond.co.uk