Debt Recovery

Price Transparency

Pricing Structures

We offer a range of pricing structures in relation to our debt recovery service, including a price based on hourly rates, and the option to pay a fixed fee for individual stages of the process.



HOURLY RATES

Our hourly rates are in line with the Solicitors' guideline hourly rates for Leeds Inner (National grade 1), details of which can be found at https://www.gov.uk/guidance/solicitors-guideline-hourly-rates.

 

AVERAGE FIXED FEES FOR INDIVIDUAL STAGES OF THE DEBT RECOVERY PROCESS

Our average fixed fees are set out below. These fees assume that this is a standard debt recovery matter and that no unforeseen matters or complications arise. We consider that if a claim becomes subject to complex factual or legal issues or requires expert evidence, it is likely to fall outside of the below debt recovery guideline costs and we will discuss fees with you separately. The below fees are not inclusive of VAT, and do not include the costs of disbursements.

 

Drafting and sending of a Letter Before Action £500
Drafting and issuing a Claim £750
Drafting and filing a Defence £500
Drafting and filing a Defence and Counterclaim £600
Advising on next steps, including enforcement procedures if payment is not received. £100-£200
 
Anyone wishing to proceed with a claim should note that:
  • The VAT element of our fee cannot be reclaimed from your debtor.
  • Interest and compensation may take the debt into a higher banding, with a higher cost. 
  • The costs quoted above are not for matters where enforcement action is needed to collect your debt.
Resolving debt recovery matters can take weeks, or months, depending on the response from the other side, and whether it is necessary to issue a claim. If enforcement action is needed, the matter will take longer to resolve.