Our Fees Claims up to £100,000

We have set out below the issues you need to consider in relation to Legal Fees and disbursements for pursuing a debt of up to £100,000.

Our Legal Fees cover all of the work required to handle your case from instruction to conclusion.

Legal Fees

Legal Fees is the amount you will be required to pay for all the work performed by us in actioning your instructions from commencement of your case to conclusion.

  • Our estimated legal fees for pursuing a debt claim up to £100,000 where court proceedings are not necessary can range between £2000 – £5,000 plus VAT (£2,400 – £6,000 inc VAT). The value and complexity of the matter alongside the stage at which the matter is resolved are factors that must be taken into account to confirm the fees in accordance with this scale.
  • Our estimated legal fees for pursuing a debt claim up to £100,000 where court proceedings are necessary can ranged between £10,000 – £30,000 plus VAT (£12,000 – £36,000 inc VAT. The value and complexity of the matter alongside the stage at which the matter is resolved are factors that must be taken into account to confirm the fees in accordance with this scale.
  • If your matter is simple or low value, we will discuss with you other fee options that may be available to ensure our fees are proportionate to the value of the debt.
  • If your matter becomes complex (see below), our fees may increase further, and we will notify you in advance of any increased costs.
  • Our hourly rates  range between of £350 – £420 plus VAT (£420- £504 inc VAT), which will depend on the experience and qualification of the case handler as follows:
  • Partner – £420.00 plus VAT (£504 inc VAT)
  • Solicitor £350.00 plus VAT (£420 inc VAT)
  • Paralegal £180.00 plus VAT (£216 inc VAT)
  • Trainee Solicitor £220.00 plus VAT (£264 inc VAT)
  • We will charge the sum of £30 plus VAT (£36 inc VAT) for Electronic money transfers.

If at any stage, our fees change, we will notify you and discuss the reason for any changes. This would typically occur if you change your instructions or your case involves an unforeseen complexity.

Our average fees assume that:

  1. The transaction is concluded in a timely manner, and no unforeseen complications arise.
  2. All parties to the transaction are cooperative, and there is no unreasonable delay from any parties providing documentation.

Disbursements and Other Costs

  • Disbursements may be incurred in the handling of the matter for you. In Debt Claims, fees tend to relate to Counsels’ fees and Court Fees.
  • Counsels fees – If Counsel is required to be instructed, a quotation for their services will be obtained from them and discussed with you before they are instructed to ensure you are fully aware of the fees that will be charged.
  • Courts Fees – The following link sets out the current court fees https://www.gov.uk/make-court-claim-for-money/court-fees. These are only necessary where we are required to issue a claim form via the court.

Stages of the Process

The precise stages involved vary according to the circumstances. We have set out the key stages of a standard transaction: –

  • Taking your initial instructions, reviewing the papers and advising you on merits (this is likely to be revisited throughout the matter and subject to change.
  • Formal letter before action to the debtor
  • Liaising with a debtor to agree on a settlement
  • Issuing a claim form via the Courts where settlement has not been achieved.
  • Liaising and negotiating with the debtor or their Solicitor to agree on a settlement where possible.
  • Dealing with the legal process, such as a direction from the court
  • Preparing or considering a schedule of loss
  • Exchanging documents with the other party and agreeing on a bundle of documents
  • Taking witness statements, drafting statements and agreeing their content with witnesses
  • Preparing bundle of documents
  • Reviewing and advising on the other party’s witness statements
  • Agreeing on a list of issues, a chronology and/or cast list
  • Preparation at Final Hearing, including instructions to Counsel (1-day hearing)
  • Reporting to you on the conclusion of the matter and closing your file.

The stages set out above are an indication, and if some of the stages above are not required, your legal fee may be reduced.

Please note that the fee estimates provided do not include defending a counterclaim from the debtor, the cost of attendance at a final hearing by a Barrister or us instructed to represent you.

How long will my claim take?

The time that it takes from taking your initial instructions to the final resolution of your matter depends largely on the stage at which your case is resolved.

If a settlement is reached without the need for issuing of court proceedings, your case is likely to take 4-8 weeks.

If it is necessary to issue court proceedings and your claim proceeds to a Final Hearing, your case is likely to take 16-32 weeks.

This is just an estimate, and we will, of course, be able to give you a more accurate timescale once we have more information and as the matter progresses.

Factors That Could Make A Case More Complex

The following factors may make your case more complex and impact on your legal fees and disbursements: –

  • The matter is defended
  • Judgement is obtained and needs to be enforced for example
    • Instruction of a Bailiff
    • Attachment to earnings
  • Making or defending a costs application

Should any of these factors occur, we will notify you and discuss with you any increase in our legal fees or disbursements.

Head Of Department

The following head of department will handle Claim matters:

Christina Dianellou is a consultant and senior Solicitor with Themis Solicitors. Christina qualified in 2002 and specialises in pursuing and defending employment claims in addition to litigation and property.

https://www.themissolicitors.co.uk/wp-content/uploads/2021/07/THEMIS-Solicitor-RGB-transparent-320x320.png

Contact us

    Financial Services & Banking
    Media & Entertainment Law
    Commercial Property Law
    Probate Legal Services
    Probate Legal Services
    Residential Conveyancing Law
    Landlord & Tenant Law
    Commercial Business Law
    Employment Law Services
    Regulatory Law Services
    Disputes and settlements
    Litigation Law Service