Pricing and Staff Information for Debt Recovery up to £100,000
If you are unable to recover a debt or resolve a dispute with another party, our dispute resolution solicitors in Bristol can help.
Our debt recovery fees
Fees for debt recovery start from £250 plus VAT to £40,000 plus VAT. VAT is calculated at the rate applicable at the time the work is carried out; this is currently 20%.
These price indications are based on cases dealt with by the firm from January 2017 to April 2021, and prices are based on our hourly rates.
Pricing and staff information is correct as of January 2024 and will be reviewed and updated every six months. Click on each person’s name below to view their experience and hourly rate.
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as court fees, Counsel’s fees, expert fees and travel/witness expenses.
We handle the payment of the disbursements on your behalf to ensure a smoother process. We anticipate that any disbursements may range from £0 plus VAT to £55,000 plus VAT. Court fees do not attract VAT but most other disbursements will.
What is and is not included in these fees
Within these fees, we would normally:
- Take initial instructions
- Make contact with the debtor to set out your position and demand payment
- Attempt to negotiate a settlement with your debtor, or other relevant party, either in correspondence or by some form of alternative dispute such as mediation
- If a settlement cannot be achieved, draft for approval and signature by you, appropriate documents to allow the claim to be commenced in the court
- Issue your claim in court
- Accept documents from appropriate parties on your behalf
- Attend as required by the court any preliminary hearings
- Agree with you whether a barrister should be instructed and if so, agree with you a suitable barrister and prepare instructions to, and liaise with, that barrister
- Arrange and attend any conferences needed with any barrister
- Keep you informed of progress throughout and advise you on developments
- Advise you on any offers received or offers we would recommend you should make
- Prepare for and represent you at (including where appropriate arranging representation by a barrister at) any final hearing
Timescales
The time taken depends on the attitude of the other side to the case.
If a case can be negotiated swiftly, it may on average take between three and 12 weeks. If a settlement cannot be negotiated and court proceedings are issued, then if a case runs all the way through to a contested hearing, it may take up to 12 months from issue of the Claim Form.
Further information
To book an appointment with our debt recovery lawyers, call 0117 322 6614 or complete our online enquiry form.