Sometimes something happens that you are just not sure what you should do next. We’ve been advising on legal issues for over 40 years and cover East London and Essex, with offices in Stratford, Romford, Barking and Grays. Whilst we might be one of the largest and highest ranking law firms in the area, we still understand that everyone’s situation is different and is important to them.
We provide a leading law firm experience, for a great value and can assist with any legal issue you may have, including: –
Our Fees – Range of Costs
It is difficult to offer “menu pricing” in respect of our fees for debt recovery. In our experience, no two claims are alike and all claims will have a different final cost. What must be considered is that a debt collection case may be satisfactorily resolved with a very low initial cost. Whilst acting for potential Claimants in many cases we can achieve a very positive outcome by sending a “Letter of Claim” which is the first step in the legal process and this can be relatively low cost depending on the nature of the case.
Please note only a small number of our debt recovery cases end at trial in Court. Most end with a settlement for our client. Of course we will always seek to advise on any issues at the outset of the case.
However, in order to comply with the requirements of our Regulator (the Solicitors Regulation Authority or “SRA”), we set out the following “menu pricing” for typical debt claims and also an estimated range of costs for bringing a case from the start right to a final hearing.
By debt recovery we mean:
Please note we have 1 partner in the debt collection department, Mohinder Gill, who charges £336.00 per hour (incl. VAT) and Elliot Hammer, solicitor, who charges £222 incl. VAT per hour). We also have a paralegal in the department who charges £145.20 per hour (incl. VAT).
There are a number of ways to finance your debt recovery case:
Legal Expenses Insurance
If you or any adult living in your household has any home contents insurance (or any other kind of insurance), then you should check the policy to see if it provides cover for legal costs. If you do, the insurance company will pay your legal costs and it should offer you the right to choose any firm of solicitors of your choice. We are regularly instructed by insurance companies to represent our clients.
Businesses may also have the benefit of legal expenses insurance to cover the cost of claiming or defending in debt matters. Please check
No Win No Fee – Damages Based Agreement
Damages-based agreements (“DBAs”) are a form of contingency fee, or “no win no fee”. A DBA is an agreement for you to pay us a percentage of your compensation or settlement monies instead of paying our costs upfront. There are complex regulations concerning DBAs and we can advise if one is appropriate for your case.
If your claim does not succeed then you do not pay us any costs so long as you have complied with the terms of the agreement.
If we decide that your case has good prospects of success and you wish to fund your claim under a DBA then we will explain exactly how it works and provide you with all of the necessary information before you go on to sign it.
Contingency Fee Agreements (“CFAs”) are another form of contingency fee, or “no win no fee”. Under a CFA agreement we record the amount of time spent on your case but do not charge you our hourly rate unless you are successful in your claim; however, given you are successful and likely to benefit from a costs order by the Court, your opponent then will have to pay our fees (or a large percentage) under the CFA.
Again, if your claim does not succeed then you do not pay us any costs so long as you have complied with the terms of the agreement.
Please note that disbursements (which are costs payable to a third party such as Counsel’s fees, expert’s fees or Court fees) will be payable whether you win or lose.
Privately Paying – Agreed Fixed Fee
This method of funding is usually offered where we can easily predict the likely costs in advance. The fixed fee will be payable irrespective of whether the case is won or lost but provides our clients with a definite predictable cost from the outset so that they can achieve certainty when budgeting.
Privately Paying – Agreed Hourly Rate
In some cases paying for our services on an agreed hourly rate may be the most suitable way of funding your claim. It may be that your claim is of a very high value and you prefer to manage your costs in this way. Alternatively, you may have a claim that is not particularly strong but you still wish to bring because of the importance of it to you or because you are pursuing an outcome other than compensation.
We will provide you with an estimate of the likely costs at the outset and update you regularly throughout the progress of the case. Using this method you pay for your costs irrespective of the outcome. Our hourly rates range from £146 inc. VAT per hour to £350 incl. VAT per hour depending on the type of work undertaken and level of employment lawyer required