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Benefit from our excellent fee Structure.
The ADR Team
In all cases where the ADR team conducts a matter then we will charge on an hourly basis at the prevailing Grade D rate as allowed in the County Court local to our offices. Our fees are however capped at a percentage of the recovered net profit costs.
In calculating the cap we will exclude VAT and all disbursements that you have incurred.
Fixed Fees
In all cases where we settle the recovery of fixed costs for you without the need to enter into costs only litigation or a detailed assessment, then we will charge a fixed fee of £35.00.
Litigation Team – Receiving Party
This team undertakes all work from and including drafting Part 8 proceedings through to a final assessment of your costs.
For drafting the Part 8 proceedings and the Bill of Costs we charge on an hourly basis and utilise the prevailing rate allowed in the County Court local to our offices. Unless there is anything particularly complex (such as various costs orders or many parts are required) we will cap our fee for drafting a Bill of Costs to 6% of the net base profit costs claimed therein.
For conducting multi-track matters and for the advocacy on all matters we charge at the prevailing Grade C or B rates depending on the seniority of the person having conduct of the matter. For all other work we will limit our charge to that of a Grade D fee earner irrespective of who is actually conducting the matter.
Accordingly for non solicitors but with the equivalent experience to a solicitor with less than 4 years post qualification experience, we will charge at the prevailing Grade C rate and a solicitor with more than 4 years PQE we will charge at Grade B rate.
Depending on the retainer between yourself and your client we will seek to recover a success fee on all our fees for you to benefit from. We do not charge you a success fee on our fees even though you are entitled to recover the same.
Whilst you remain liable for our standard hourly rate charge, should the Court assess or if we agree a figure from the paying party for less than this, then we may take the view that the figure assessed and/or agreed is an indication of the correct reasonable fees. In the event that we are faced with a global offer to cover both your substantive costs and our accrued fees then we will specifically advise on the extent of your liability in relation to our fees prior to the settlement of the same.
Litigation Team – Paying Party
Unless specifically agreed to the contrary, we will charge on an hourly basis utilising the prevailing Grade D rate. If you require a fixed fee quotation for a specific matter then we are happy to provide the same.
Payment Terms
All our fees attract VAT at the prevailing rate
Whilst we may raise invoices at various stages during the process, when you are the receiving party these fee are only payable by you 90 days after the conclusion of our involvement or upon receipt of the agreed or assessed costs, whichever is the earlier. We do not as a matter of routine assist with the recovery of the payment of the agreed or assessed costs but would consider it very exceptional for 90 days to pass with you remaining out of funds.
When you are acting for the paying party our fees are payable 30 days after the end of our involvement in the matter.
During our conduct of the case you must fund all disbursements.
Download MRN Terms of Business
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