We are required to provide the best estimate possible for Debt Collection work.
The costs will reflect the complexity of the matter. Costs will also depend on whether the matter settles. The costs below are based on the matter going all the way to a tribunal. You should check whether you have legal expenses cover.
In a simple case, costs are likely to be in the range of £5,000 plus VAT including expenses/disbursements and Counsel's fees.
In a medium complexity case, costs are likely to be in the range of £5,000 to £20,000 plus VAT including expenses/disbursements and Counsel's fees.
In a high complexity case, costs are likely to be in the range of £20,000 to £35,000 plus VAT including expenses/disbursements and Counsel's fees.
We are required to obtain evidence of the identity of our clients at the outset of a matter and of relevant third parties. Where it is reasonably necessary for us to identify you and/or any person associated with your case remotely, rather than in person, a charge of £9.95 plus VAT per person will be added to your bill.
There is an electronic bank transfer cost of £50 plus VAT per transfer.
Disbursements are fees paid to other parties, e.g. a court fee or medical report.
Factors that could make a case more complex:
The fees set out above cover all of the work in relation to the following key stages of a claim:
The time that it takes from taking your initial instructions to the final resoution of your matter depends largely on the stage at which your case is resolved. If a settlement is reached during pre-claim conciliation, your case is likely to take 12 to 26 weeks. If your claim proceeds to a Final Hearing your case is likely to take 6 months to a year. 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.