Debt Recovery up to £100,000.00

 

Hourly Rates

 

We are required to provide certain information with regard to our privacy which combined by checking on the Inns at this page. 

It is difficult to provide accurate information on to costs without knowledge of your particular needs. For further information and to obtain the hourly cost of assisting you please contact us. 

We confirm our standard hourly rates are as follows:

 

Partners: £215 plus VAT per hour

Trainee solicitors, legal assistants, support staff: £118 plus VAT per hour

 

Fees for Debt Recovery (up to £100,000) for businesses

 

Overall fees will depend upon the nature and complexity of the matter. Fees can be broken down as follows.

 

Letter of Claim

 

Fees for a typical Letter of Claim range from £200 plus VAT for a straightforward case to £800 plus VAT for a more complex matter that requires detailed investigation.

 

Court Proceedings

 

Our pricing for bringing and defending claims for debt recovery are as follows:

 

Simple case: £2,000 - £6,000 (excluding VAT)

 

Medium complexity case: £6,000 – £13,000 (excluding VAT)

 

High complexity case: £13,000 – £50,000 (excluding VAT)

 

Factors that could make a case more complex:

 

-          If it is necessary to make or defend applications to amend claims or to request or provide further information about an existing claim

-          Defending claims that are brought by litigants in person

-          Making or defending a costs application

-          Making or defending a specific disclosure application

-          The number of witnesses

-          The number of documents

 

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties, such as court fees, counsel’s fees, expert’s fees. We handle the paying of the disbursements on your behalf to ensure a smoother process.

 

Counsel’s fees for attending Trial (including preparation) are estimated between £1,500 and £25,000 (depending upon experience of the advocate, the complexity of the matter and the length of Trial).

 

The fees set out above cover all of the work in relation to the following key stages of a claim:

 

-          Taking your initial instructions, reviewing the papers an advising you on merits of your case

-          Preparing the claim or defence

-          Reviewing and advising on the claim or defence from the other party

-          Exploring settlement and negotiating settlement throughout the process

-          Preparing for (and attending) Costs and Case Management Conference

-          Preparing Disclosure Lists and exchanging documents with the other party

-          Taking witness statements, drafting statements and agreeing their content with witnesses

-          Reviewing and advising on the other party’s witness statements

-          Agreeing and preparing Trial Bundle

-          Agreeing a list of issues, a chronology and/or case list

-          Preparation and attendance at Trial, including instructions to Counsel

 

The stages set out above are an indication and if some of the stages above are not required, the fee will be reduced. You may wish to handle the claim yourself and only have our advice in relation to some of the stages. This can also be arranged on your individual needs.

 

How long will my matter take?

 

The time that it takes from taking your initial instructions to the final resolution of your matter depends largely on the stage at which your case is resolved. If your claim proceeds to Trial, the time will depend upon the value and complexity of the case. If the case is a simple small claim with a value of under £10,000 it is likely to take 4-6 months. If the matter is of medium complexity with a value between £10,000 and £25,000 it is likely to take 9-12 months. If the matter is of high complexity with a value over £25,000 it is likely to take 10-15 months. 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.

 

Get in touch

To see how we can assist you

Information

We offer a wide range of legal services in Aberystwyth, Llandrindod Wells and Knighton to cater for your private and business needs. 

 

Get in Touch

AddressPO Box 1, Ffordd Alexandra Road, Aberystwyth SY23 1PT (DX 92100 Aberystwyth) Telephone01970 625566

 



MORRIS AND BATES IS A TRADING NAME OF MORRIS AND BATES LIMITED COMPANY REGISTRATION NUMBER: 07393758 REGISTERED OFFICE: SWYDDFA MORRIS AND BATES, FFORDD ALEXANDRA, ABERYSTWYTH, CEREDIGION, SY23 1PT. A LIST OF DIRECTORS IS AVAILABLE AT THE REGISTERED OFFICE. AUTHORISED AND REGULATED BY THE SOLICITORS REGULATION AUTHORITY. OFFICES IN ABERYSTWYTH, LLANDRINDOD WELLS AND KNIGHTON, WALES 

Important Note

Morris & Bates Limited company reference number 07393758 t/a Morris and Bates (VAT No 326 8216 57) is regulated by the Solicitors Regulation Authority (SRA No.552054). Established in the UK, the company is responsible for compliance with the solicitors rules which are available online at www.sra.org.uk.

The firm has Professional Indemnity Insurance in respect of services provided in England & Wales or anywhere in the world. Its insurance broker is Brunel Professions Ltd, 3 Temple Quay, Temple Back East, Bristol, BS1 6DZ