We understand that affordability is a huge concern for most of our clients. We are committed to being open and transparent about our charges and are confident that our specialist expertise and exemplary client service mean we offer great value for money.
There are a variety of ways we can charge you as well as different ways you can arrange to pay us. We outline these below.
Please don’t be shy about asking questions about our charges if you require more information – we are always happy to discuss money matters, without any embarrassment!
Giving you an estimate
An estimate is a best guess. It is not the same thing as a fixed quote. You can always ask your solicitor for an estimate of how much a particular piece of work (such as drafting a specific document) will cost.
It may not be possible for them to give an estimate for work a long way in advance as they won’t know exactly how things will progress in the future. Things can always take an unexpected turn when you are negotiating with other parties which may mean they take longer and cost more.
However, if any estimate we have given you looks like being significantly wrong then your solicitor will inform you of this as soon as possible.
Paying yourself, as you go
This means you will pay for the work we do as your matter progresses. You will pay our standard hourly rate. The hourly rate is a set amount charged for the actual time your solicitor spends working on your case.
For example, if the solicitor’s hourly rate is £200 and your matter takes five hours in total, your bill will be £200 X 5 = £1,000. VAT at 20% will then be added, bringing the total bill to £1,200.
Please ask for details of our latest hourly rate. We can agree how regularly we will bill you e.g. once a month or, once a certain amount is “on the clock”.
A fixed fee means you will know in advance what a piece of work will cost, and you will not pay more than this, regardless of how long it actually takes.
In calculating a figure for a fixed fee we will factor in the likelihood of additional and unexpected work so that the price reflects this. You get total peace of mind as you know in advance what you will pay once the work is completed; we bear the risk of things taking longer.
A capped fee means you will not pay more than a given maximum price but, you may pay less, if the work takes less time.
Fixed/capped fees may not always be possible
It may not always be possible to predict the amount of time that will be spent on your matter, or any particular stage of it, so such arrangements may not always be agreed. However, it is always worth asking if a fixed or capped fee arrangement can be made available.
No win, no fee
When we think your case has a strong chance of success and you are likely to recover compensation, we can discuss taking your case on a no win, no fee basis (sometimes called a conditional fee arrangement). Not all cases are suitable for this arrangement and it may be necessary for you to take out after-the-event insurance cover to fund such an arrangement. Please talk to us for further details.
For more information about how we charge and how to pay our bills, see our other articles: