Our hourly rates for debt recovery will depend on the seniority of the lawyer carrying out the work, which range from £150 per hour for a debt recovery executive up to £525 per hour for a partner based in our London office. Typically, undefended debt collection matters will be carried out by one of the debt recovery executives under the supervision of a partner.

The number of hours it will take will depend on the circumstances of your case. In particular, the size and complexity of the debt, whether the debtor is based in England and Wales, whether the debt is disputed and whether it becomes necessary to commence enforcement proceedings following judgment.

We reserve the right to increase the hourly rates if the work done is particularly complex or urgent or the nature of your instructions require us to work outside normal office hours. If this happens, we will notify you in advance and agree an appropriate rate.

As an alternative to hourly rates, we may be able to offer to undertake work before the commencement of legal proceedings based on a percentage of realisations. The percentage will depend on the value, size and complexity of the debts but the percentage is likely to be in the range of 10% to 25% plus VAT, subject to a minimum fee of £150 plus VAT.

Our charges do not include VAT, which we will add to your bill at the prevailing rate, along with a fee (the amount of which varies depending upon whether our client is an individual, company or other entity) for AML Verification checks.