DEBT RECOVERY

Debt Recovery Fee

 

Hourly rates for Debt Recovery cases  

Status                                        Hourly rate

Principal Solicitor                           £350

Senior Solicitor                               £300

Solicitor/Legal Executive                £250

Trainees                                         £150

Paralegal                                        £120

Based on the hourly rates above, we usually charge a fixed fee and the average cost of recovering a debt is between £750-£1250 plus VAT. We generally conduct the court hearing ourselves but in some cases we may have to use counsel. Counsel‘s fees are usually between £300-£750 plus VAT.

These fees are based on the standard work required in most cases which includes:

1. Attendance on clients

2. Taking instructions

3. Perusal of documents

4. Providing advice on merits, timelines and likely outcome

5. Preparing Claim Form and Particulars of Claim

6. Submitting Claim Form and Particulars of Claim at Court

7. Drafting Witness Statements and Skeleton Argument

8. Compiling bundle in readiness for the hearing

The usual things which are likely to increase legal costs over and above our usual fixed fees as outlined above are:

1. If there are complex matters to advance

2. If the hearing is adjourned to another day.

 

Likely timescales for Debt Recovery Matters

The timescales vary from cases to cases but the average time for conclusion of debt recovery matters is between 6-18 months.

 

VAT & Disbursements

Our fees and some disbursements are subject to VAT at 20%. Disbursements are charges payable in addition to our fees, normally to a third party. They can include fees payable to the court or barristers or interpreters or process servers. The amount charged for the disbursements depends upon a number of variables so we will be able to advise you of the correct charges when we have further information from you.

 

Legal Aid

We do not conduct Debt Recovery matters on Legal Aid.

PRACTICE AREAS

 

​​​​Regulated by the Solicitors Regulation Authority

-SRA No: 00349307
Principal: Sympathy C. Nwosu

© 2015 Callistes Solicitors