CORPORATE DEBT RECOVERY
CORPORATE DEBT RECOVERY
Whatever the reason, if you are owed money our boutique law firm partners can assist you in recovery of that money.
Of course, like all matters the cost of dealing with a matter of this kind can vary, however they do offer some fixed fee arrangements for debt recovery which are detailed below:
Their fixed fee offering for debt recovery only applies to a claim in relation to a debt that arises as a result of an undisputed, unpaid invoice, where enforcement action is not required. The costs of such an action would be as follows:
Debt Value up to £10,000 – Fixed Fee of £1000 + VAT and Disbursements – (This does not include the cost of issuing proceedings or taking enforcement action if required)
Debt Value over £10,000 – Fixed Fee of 5% of the value of the claim + VAT and Disbursements. (This does not include the cost of issuing proceedings or taking enforcement action if required)
The fees displayed above include them taking your instructions, reviewing all documents relevant to the matter, investigation of the matter, complying with the pre-action protocol and sending a letter before action and sending payment to you if received by us within 14 days of sending the relevant letter before action.
On average these matters can take longer and can be anywhere between 6 and 18 weeks.
If payment is not received in this time frame, then they will discuss the next steps with you and the costs that are likely to be incurred in taking those steps.
If matters need to be taken further, our hourly rate for dealing with these matters is £300 per hour plus VAT.
It is impossible to estimate how long a matter that requires the issue of proceeding at court will take, they will give you an estimate at the outset once they know your circumstances and they will keep you updated on the costs and likely payments that you will need to make throughout the matter. They will also consult with you if any unforeseen payments need to be made and they will obtain your consent before these are incurred by them on your behalf.
ABOUT
SC Legal is a boutique law firm that offers a wide range of specialities and services and combines commercial common sense with practical solutions to achieve our client’s requirements within the letter of the law.
SC Legal was established in 2012 to provide its clients with the most efficient legal service that is tailored completely to their needs with an ability to adapt to changing requirements so whether a client requires a lawyer to act as an in-house lawyer seamlessly integrated within their existing systems using their offices and email addresses or whether external counsel or a general practice lawyer is required, SC Legal was established to provide these services to the highest standards and levels of professionalism whilst retaining our core principle of providing excellent customer service and being competitively priced.
Flexibility and adaptability are the key principles with which we approach the delivery of our services to our clients. Our billing is bespoke to fit the needs of the individual whether that be working to billable hours, for a fixed fee or other form of remuneration. Ultimately we at SC Legal adapt our approach to fit your needs and contour our services to your requirements whatever they may be.
Being a boutique law firm, we will ensure that you will interact with the same lawyer throughout the course of your dealings with us to ensure continuity and consistency is always present when we are meeting carrying out your instructions.