Katten Muchin Rosenman UK LLP – Legal Notices

"Katten" is the trading name of Katten Muchin Rosenman UK LLP and / or Katten Muchin Rosenman LLP. Katten Muchin Rosenman UK LLP is a limited liability partnership registered in England and Wales with number OC312814. Katten Muchin Rosenman UK LLP is authorised and regulated by the Solicitors Regulation Authority under SRA number 421761.

Katten Muchin Rosenman UK LLP is a separate, affiliated partnership to Katten Muchin Rosenman LLP, an Illinois limited liability partnership including professional corporations that has elected to be governed by the Illinois Uniform Partnership Act (1997). Katten Muchin Rosenman LLP's headquarters are 525 West Monroe Street, Chicago, Illinois 60661.

The use of the name "Katten" and words or phrases such as "firm", "Firm", "law firm", "network" or "international practice" is for convenience only and does not imply that all or any of such entities are in partnership together or accept responsibility for the acts or omissions of each other. Legal responsibility for the provision of services to clients is defined in engagement terms entered into between clients and the relevant Katten entity and these should be relied upon in determining liability for the services provided. Absent the explicit agreement and consent of all entities involved, no Katten entity is responsible for the acts or omissions of, nor has any authority to obligate or otherwise bind, any other Katten entity.

In order to provide our services, Katten will ask for information about you and the nature of the proposed work for the purpose of conflict checking, credit checking, client identification procedures and other bona fide purposes. This information (which may include personal data) may be disclosed to any Katten entity and/or some or all of their members for such purposes.

In relation to Katten's London Office, the term 'partner' is used to refer to a member of Katten Muchin Rosenman UK LLP or an employee or consultant with equivalent standing and qualifications. A list of the Members of Katten Muchin Rosenman UK LLP and non-members designated as Partners is open to inspection at its registered office at Paternoster House, 65 St Paul's Churchyard, London EC4M 8AB.

Lawyers based in Katten's London Office who are admitted as solicitors in England and Wales are regulated by the SRA. Certain lawyers based in Katten's London Office are not admitted as solicitors in England and Wales and are subject to regulation by the Bar Council of England and Wales or by the relevant regulatory body in their place of admission. For further information about an individual lawyer's professional qualifications, please contact the individual via the contact details contained in the People section of this website.

In accordance with the disclosure requirements of the Provision of Services Regulations 2009, details of Katten Muchin Rosenman UK LLP's compulsory professional indemnity insurance in England and Wales are as follows. Katten Muchin Rosenman UK LLP's compulsory insurers are Travelers Insurance Company Limited of 61-63 London Road, Redhill, Surrey RH1 1NA. This insurance covers the practice of Katten Muchin Rosenman UK LLP and will extend to acts or omissions wherever in the world they occur.

Katten Muchin Rosenman UK LLP is registered for the purpose of VAT in England and Wales (VAT number GB859 2000 31).

Frauds and Scams

Please be aware that in order to perpetrate a scam or fraud, criminals may pose as someone from Katten. Usually these scams or frauds are carried out by fake emails suggesting you may receive a financial benefit. The emails often also contain links to supposedly relevant websites. To be effective the scam or fraud requires you to enter into communication with the fraudster, either by responding to the email or clicking the attached link. If you receive an email of this nature do not correspond with the sender. It is highly unlikely that it originates from the Firm.

If you are advised that we have changed the Firm's banking details or asked for money or your bank details please contact us immediately at riskgroup@katten.com. We report scams that may constitute crimes to the Metropolitan Police and the National Crime Agency and to our regulators, the Solicitors Regulation Authority.

Anti-Money Laundering

Katten Muchin Rosenman UK LLP is required to identify clients for the purposes of applicable anti-money laundering legislation. Amongst other things, the type of client, its business and geographical location will dictate the due diligence standard and documentary evidence we are required to obtain in order to do this. Where possible, we will obtain this information from publically available sources but in circumstance where the information is not available we will need to obtain the information directly from you. Information provided to us for these purposes may be shared with our US affiliate Firm, Katten Muchin Rosenman LLP, for the same purposes. If we are not able obtain all the necessary documentation within a reasonable time frame we may not be able to act for you.

Anti-Bribery & Anti-Corruption

The Firm has anti-bribery and anti-corruption policies and procedures which apply to all our partners and employees worldwide. These policies prohibit the making, offering or promising to make a payment or transfer of anything of value including the provision of any service, gift or entertainment for any improper purpose or business advantage. These policies apply to dealings with all third parties on our behalf. They specifically prohibit such dealings with government personnel and other officials for the purpose of improperly obtaining or retaining business or for any other improper purpose or business advantage.

Financial Services

Katten Muchin Rosenman UK LLP is not authorised under the Financial Services and Markets Act 2000 but we are able, in certain circumstances to offer a limited range of investment services to clients because it is authorised and regulated by the Solicitors Regulation Authority (SRA) which has complaints and redress procedures. We are not authorised by the Financial Conduct Authority (FCA). Katten Muchin Rosenman UK LLP is included on the register maintained by the FCA so that we can carry on insurance mediation activities - including (but not limited to) advising upon the purchase, selling and administration of insurance contracts. The register can be accessed via the FCA Website. The SRA, as the professional regulator of Katten Muchin Rosenman UK LLP, handles complaints relating to professional misconduct. The SRA's Standards and Regulations can be accessed here. Please note: any investment decision is for the Firm's clients to make and no communication by us should be treated as an invitation or inducement to engage in investment activity.

Complaints

The Firm is committed to providing high quality legal advice and client care. However, if at any point you become unhappy or concerned about the service we have provided you should inform us immediately so we can do our best to resolve the problem. In the first instance it may be helpful to contact the person who is working on your matter to discuss your concerns and we will do our best to resolve any issues. The firm has a formal complaints procedure, a copy of which can be provided on request. If you would like to make a formal complaint it should be addressed to our Managing Partner, Christopher Hitchins, at christopher.hitchins@katten.co.uk. Making a complaint will not affect how we handle your matter.

If, for any reason, we are unable to resolve any problem between us, you may be able to use the complaints and redress procedures operated by the Legal Ombudsman. Before accepting a complaint for investigation, the Legal Ombudsman will check that you have tried to resolve your complaint with us first. This service is open to all members of the public, certain small businesses, charities, clubs, societies, associations and trusts. The Legal Ombudsman's details of eligibility and requirements can be found here. There are time limits on making such a complaint, generally 6 months from our written response to your formal complaint and no more than one year form the date of the act or omission being complained or no more than one year from the date when you should reasonably have known there was a cause for complaint. Contact details for the Legal Ombudsman are https://www.legalombudsman.org.uk/ Phone: 0300 555 0333 or enquiries@legalombudsman.or.uk or writing to Legal Ombudsman, P O Box 6167. Slough, SL1 0EH.

The Solicitors Regulation Authority (the "SRA") is the professional regulator of Katten Muchin Rosenman UK LLP and handles complaints relating to our behaviour. The SRA's Standards and Regulations can be accessed here and contains information on raising concerns about solicitors and law firms.

Client funds, payments on account and interest

The Firm does not provide banking services and we will accept client funds only to the extent necessary to undertake professional services for you, and to hold money on account for anticipated costs and expenses including our own. Where Katten Muchin Rosenman UK LLP holds money in its client accounts, interest will be paid that is fair and reasonable for the whole period for which the client money is held. Katten Muchin Rosenman UK LLP holds client accounts with Lloyds Bank plc . Interest payable will be calculated by reference to the rate set by Lloyds Bank plc which is a variable rate subject to change. Our Interest Policy is available upon on request.

Consumer Contracts Regulations 2013

If you have instructed Katten Muchin Rosenman UK LLP as an individual to act for you in your personal capacity, under the Consumer Contracts (information, cancellation and additional charges) Regulations 2013, you have the right to cancel your instructions within 14 days of receiving our client engagement letter. You can cancel your instruction by any clear statement setting out your decision to cancel. Once we have started work on your file you may be required to pay reasonable costs for work done up to the point of cancellation.

EU Dispute Resolution

If you are a client and we have made a contract with you by electronic means you may be entitled to use an EU online dispute resolution service to assist with any contractual dispute you may have with us. This service can be found here. Our email address is eudisputeresolution@kattenlaw.com.

Diversity Data

Law firms that are regulated by the Solicitors Regulation Authority (SRA) are required to collect, report and publish workforce diversity data every two years.

The data includes directors of the Firm as well as qualified and non-qualified staff.

The aggregated data collected from everyone at the Firm must be reported to the SRA, broken down by role categories.

The data that needs to be collected is:

Information about a person's protected characteristics under the Equality Act 2010

Information about socio economic factors (education) and caring responsibilities

The results of the diversity data collection exercise undertaken by Katten Muchin Rosenman UK LLP can be obtained by enquiring at Katten Muchin Rosenman UK LLP's principal address.

Anti-Slavery Statement

Although we are not required by the Modern Slavery Act 2015 to publish an anti-slavery statement, we have chosen to do so as we are committed to carrying on our business in a responsible and ethical manner.

Katten Muchin Rosenman UK LLP ("Katten", the "Firm" or "we") is opposed to slavery and human trafficking in all its forms and does not tolerate it within our own business or within our supply chain.

As a law firm we are subject to professional duties and aspire to the highest standards of ethical behaviour and integrity. The Firm's commitment is reflected in our values and policies on equal opportunity and diversity and in our pro bono initiatives.

As a professional services provider in London which is strictly regulated and primarily employs legal and other skilled professionals, we consider the risk of slavery or human trafficking occurring within the Firm's business to be low. Nevertheless, we have systems in place to (i) identify and assess potential risk areas in our supply chains, (ii) mitigate the risk of slavery and human trafficking, (iii) monitor potential risk areas and (iv) protect whistleblowers.

As regards the Firm's suppliers, we have taken the following initial steps:

mapped out our first tier supply chain;
sought assurances from key suppliers identified by reference to risk factors, including country, sector, impact and annual value of services provided; and
identified training needs in order to raise awareness within the relevant parts of the Firm that have responsibility for managing suppliers, of the risk of slavery and human trafficking.

We intend to continue our work in this area through training, reviewing the Firm's policies and developing vendor management processes to support our approach and to underscore the values and principles we seek to maintain.

This statement relates to the financial year ending 31 January 2024 and has been approved by the members of Katten Muchin Rosenman UK LLP.

UK Tax Strategy Statement

Katten Muchin Rosenman UK LLP ("Katten", the "Firm" and "we") has prepared and published this strategy statement and regards it as complying with its duty under Paragraph 22(2) of Schedule 19 to the Finance Act 2016. This statement applies to the financial year ended 31 January 2023 and subsequent financial periods until it is superseded, and will be subject to periodic review.

Tax Compliance

The Firm commits to complying fully with UK tax legislation. We actively engage with qualified professional advisors where appropriate. We aim to file tax returns on a timely and accurate basis, paying the right amount of tax at the right time. We disclose all relevant facts and circumstances to HM Revenue & Customs ("HMRC").

Tax Planning

In considering its structure, the Firm takes into account the tax laws of all the countries in which it operates, and relies on applicable double tax treaties to avoid double taxation where appropriate from time to time. The Firm does not enter into transactions or arrangements which, in its opinion, are abusive or aggressive and which do not have a commercial purpose.

Co-operation with HMRC

The Firm seeks to have an open and constructive relationship with HMRC through regular communication. We provide full information to HMRC of relevant changes in our business or structure and promptly disclose inadvertent errors, if any, to HMRC.

Governance and Risk Management

Day to day responsibility for the management of our UK tax affairs is delegated to our Director of Partnership Accounting and as and when require our Tax Partner, who both report to the Managing Partner and Director of Finance & Administration. Ultimate responsibility for tax matters rests with the Management Board.

Given the complexity of our global business, we are sometimes exposed to inherent tax risks. We seek to actively monitor and manage these risks and where there is sufficient uncertainty regarding a tax risk, we will seek appropriate external professional advice.

We have adopted policies and procedures commensurate with our obligations under Part 3 of the Criminal Finances Act 2017 and with the requirements of the International Tax Enforcement (Disclosure of Arrangements) Regulations 2020 (as amended) and the new Mandatory Disclosure Rules when these come into force in March 2023.

At all times the Firm seeks to comply fully with its regulatory and other obligations and to act in a way which upholds its reputation as a responsible corporate citizen.

SRA Transparency Rules

The SRA Transparency Rules require us to provide pricing information in relation to a limited number of specific services which we offer as part of our usual business from our UK offices.

Katten Muchin Rosenman UK LLP (the "Firm", "Katten" and "we") understand that clients demand both value for money and price certainty from their legal providers. We also understand that clients buy outcomes and solutions (not hours) and expect efficient and cost effective delivery of those outcomes. We offer our clients control, choice and certainty as to how outcomes and solutions are to be delivered. Our ability to map out a streamlined and cost effective route to delivery, combining both bespoke advisory services and alternative delivery approaches, helps us to meet client value expectations.

Where there is a clearly defined and agreed set of deliverables we are able to offer a fixed fee, mitigating pricing risk and giving you budget certainty.

If there are changes in circumstance, outside of the control of either you or the Firm, which significantly change the scope of work during the course of a matter we will discuss any change in our fee estimates with you first before proceeding. Similarly, for more complex circumstances where scope is less defined at the outset or outcomes more uncertain, we can offer you alternate fee approaches where we match our pricing mechanism to the issues being faced and are happy to work with you through the various options available.

Our services to you will be overseen by our partners and qualified lawyers and, together with other professionals and their support teams, are our subject matter experts in their chosen fields. Further details of background credentials for all our lawyers can be found here.

Katten looks to build long standing and deep relationships with our clients. In return for greater commitments and ongoing regular workflow we may offer further reductions to our charges beyond the stand alone transaction pricing quoted.

For pricing information regarding the specific services in respect of which we are required by the Transparency Rules to provide information, please click on the links below. Our fees and disbursements (i.e. costs that are payable to third parties) for these services will vary depending on a number of factors. We have attempted to provide an indication of these below, together with details of the process and likely timescales. These indications are necessarily based on a number of assumptions that may change from project to project.

SPECIFIC SERVICES

Residential Conveyancing

Residential Conveyancing

We typically advise high-net-worth individuals, their families, investors, businesses and advisers on all forms of directly held, diversified and corporate held real estate, including purchases and sales residential real estate.

Residential Purchases

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but generally include:

Taking your instructions and giving you initial advice;
Checking finances are in place to fund the purchase and contacting the lender's solicitors if appropriate;
Receiving, negotiating and advising on contract documents;
Carrying out searches;
Obtaining further planning documentation if required;
Making any necessary enquiries of the seller's solicitor;
Giving you advice on all documents and information received;
Reporting on the terms of your lease (if relevant) and any ancillary documents;
Going through the conditions of any mortgage offer with you;
Sending the final contract to you for signature;
Agreeing the completion date (date from which you own the property);
Exchanging contracts and notifying you that this has happened;
Drafting a completion statement (which details what you will need to pay in order to complete) and Stamp Duty Land Tax ("SDLT") or Land Transaction Tax ("LTT") return;
Arranging for all monies needed to be received from the lender and you;
Completing the purchase;
Dealing with the payment of SDLT/LTT;
Dealing with the application for registration at the Land Registry; and
Notifying any landlord of the change of ownership.

How long will my purchase take?

How long it will take from your offer being accepted until you can move in to your home will depend on a number of factors (including the number of other parties in the "chain", your bank and any title issues). On average you should expect this to take months rather than weeks but there may be circumstances where this can be expedited.

Legal costs in relation to a residential purchase

Fees: Our fees for a residential purchase are likely to be between £1,500 and £25,000. The exact figure will depend on the value of the property and the complexity of the transaction.
Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (SDLT) if the property is in England, or Land Transaction Tax (LTT) if the property is in Wales; and
VAT is payable on our fees at the standard rate prevailing at that time. As at 1 December 2023 this is at a rate of 20%.

In addition to our fees you will be responsible for the following costs:

HM Land Registry: Land Registry information fees @ £6 per registered title (often only one), and @ £3 per copy document required; a copy lease @ £9 and registration fees dependent on the value of the property. Click here (https://www.gov.uk/guidance/hm-landregistry-reqistration-services-fees) for more information on the various bands (we use the Business Gateway except in limited cases where Land Registry rules prevent us from doing so);
Electronic Money Transfer Fees: We charge an electronic money transfer fee of £10 plus VAT at 20% per transfer;
Search fees: We recommend certain searches when purchasing a new property and if you are borrowing money your bank will also require these. The exact searches will depend on the location of your property both due to the different charges levied by different local authorities and particular location related risks e.g. coal mining in some areas of the country. London searches tend to be more expensive than those in other parts of the country. You can expect to pay in the region of £385 - £800 for these (some of which will be subject to VAT at 20%);
SDLT/LTT: The amount payable depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website here https://www.gov.uk/guidance/hmrc-tools-and-calculators#stamp-duty-land-tax-sdlt or if the property is located in Wales by using the Welsh Revenue Authority's website https://lttcalculator.wra.gov.wales/;
Third Party Fees: On a purchase involving overseas companies there may be additional legal fees charged by a law firm in that jurisdiction for giving a legal opinion as to the capacity and constitution of the company. You should budget £2,500 - £5,000 plus VAT at 20% for this; and
Additional leasehold disbursements (i.e. where you are taking a lease not a freehold interest - this is common with apartments): these fees vary from property to property and can on occasion be significantly more than the ranges given below. We can usually give you an accurate figure once we have sight of your specific documents but sometimes this cannot be confirmed until part way through the transaction.

- Notice of Transfer and Notice of Charge fees - these fees if chargeable are set out in the lease. Often each fee will be between £75-£150 plus VAT at 20%.

- Deed of Covenant fee - this fee is provided by the management company for the property and can be difficult to estimate. Often it is £150-£450 plus VAT at 20%.

- Certificate of Compliance fee to be confirmed upon receipt of the lease. Often it is £50-£250 plus VAT at 20%.

If you are purchasing a leasehold interest you should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we are able.

Complicating factors that may impact pricing include:

Where you need funding, structuring and taxation advice;
Where there are planning and/or construction elements;
Where there are employment contracts for any staff at the property;
If you need tax planning on real estate investment, trading and development;
Where there are non-resident landlords;
If you need estate planning advice for UK real estate;
If there are fiduciary real estate holding structures involved;
Around development and servicing agreements;
Where unforeseen matters arise e.g. a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
Where the transaction involves the grant of a new lease rather than the assignment of an existing lease;
Where parties are uncooperative or there is unreasonable delay from third parties in providing documentation;
Requesting or checking legal opinions relating to overseas companies; and
Liaising with lenders and their lawyers where separately represented.

Residential Sales

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances but generally include:

Taking your instructions and giving you initial advice;
Contacting your lender's solicitors if appropriate;
Drafting, negotiating and advising on contract documents;
Obtaining further planning and leasehold documentation if required;
Replying to any enquiries of the buyer's solicitor;
Sending the final contract to you for signature;
Agreeing the completion date (date from which you will no longer own the property);
Exchanging contracts and notifying you that this has happened;
Completing the sale; and
Arranging for completion monies to be sent to you and any outgoing lender.

How long will my sale take?

How long it will take from you accepting an offer until the buyer can move in to your property will depend on a number of factors (including the number of other parties in the "chain", your bank and any title issues). On average you should expect this to take months rather than weeks but there may be circumstances where this can be expedited.

Legal costs in relation to a residential sale

Fees: Our fees for a residential sale are likely to be between £1,500 and £25,000 (plus VAT at 20%). The exact figure will depend on the value of the property, the complexity of the transaction and the seniority of the lawyers involved.
Our fees cover all of the work required to complete the sale of your property, including dealing with the Land Registry to obtain up to date title information and in the case of leasehold property liaising with other interested parties including the landlord and management company.
VAT is payable on our fees at the standard rate prevailing at that time. 1 December 2018 this is at a rate of 20%.
In addition to our fees you will be responsible for the following costs:
HM Land Registry: You will also need to budget for Land Registry information fees @ £6 per registered title (often only one) and for leaseholds a copy lease @ £9;
Third Party Fees: On a leasehold sale there may be Licence to Assign fees and/or deed of covenant fees. These fees vary considerably according to the documents, parties and property but you should budget for £550 - £1,250 plus VAT at 20%. On a sale involving overseas companies there may be additional legal fees charged by a law firm in that jurisdiction for giving a legal opinion as to the capacity and constitution of the company. You should budget £2,500 to £5,000 plus VAT at 20% for this; and
Electronic Money Transfer Fees: We charge an electronic money transfer fee of £10 plus VAT at 20% per transfer.

Complicating factors that may impact pricing include:

As above for residential purchases.

Employment Tribunals (Defending claims for unfair or wrongful dismissal)

Employment Tribunal: Range of Costs

Our pricing for bringing and defending claims for unfair dismissal is:

Simple case (assuming a two day hearing):

£40,000 to £60,000 (excluding VAT at 20% and disbursements)

Medium complexity case (assuming a three to five day hearing):

£75,000 to £100,000 (excluding VAT at 20% and disbursements)

High complexity case (assuming a one to two week hearing):

£125,000 to £200,000 (excluding VAT at 20% and disbursements)

Factors that could make a case more complex and/or increase costs above the price ranges set out above:

If it is necessary to make or defend applications to amend claims or to provide further information about an existing claim
Defending claims that are brought by litigants in person and/or against multiple respondents
Making or defending a costs application
A need for additional hearings to deal with preliminary issues
The number of witnesses and documents
If the Tribunal timetable becomes protracted (for example, if a Tribunal hearing is adjourned)
Time spent on settlement discussions (this may have a material effect on costs)

If it is a dismissal connected to whistleblowing or discrimination, it is likely to be more complex and the above pricing range would need to be reviewed. A claim for wrongful dismissal in the employment tribunal is likely to be priced in the same way as a simple case of unfair dismissal.

The fees above do not include disbursements (see below).

Disbursements

Disbursements are costs related to your matter, such as photocopying, travel and accommodation costs, or the costs of a barrister (counsel) to conduct the advocacy at any hearings. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Counsel's fees are estimated to be between £1,500 to £7,500 per day (depending on experience of the advocate and the complexity/length of the case) for attending a Tribunal Hearing (including preparation). We may request monies on account of costs to cover Counsel's fees.

Key stages

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 and advising you on merits and likely compensation (this is likely to be revisited throughout the matter and subject to change)
Entering into pre-claim conciliation where this is mandatory to explore whether a settlement can be reached
Preparing claim or response
Reviewing and advising on claim or response from other party
Exploring settlement and negotiating settlement throughout the process
Preparing or considering a schedule of loss
Preparing for (and attending) a Preliminary Hearing
Exchanging documents with the other party and agreeing a bundle of documents
Taking witness statements, drafting statements and agreeing their content with witnesses
Preparing bundle of documents
Reviewing and advising on the other party's witness statements
Agreeing a list of issues, a chronology and/or cast list
Preparation and attendance at Final Hearing, 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.

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 a settlement is reached during pre-claim conciliation, the case is likely to take 4-8 weeks. If your claim proceeds to the issue of proceedings and a final hearing, your case is likely to take 12 to 18 months, depending on the nature of the case and Tribunal availability. This is just an estimate and we would of course be able to give you a more accurate timescale once we have more information and as the matter progresses.

Other

The details of the employment lawyers in London who will handle this work for you can be found here. Pricing information in this statement is provided for transparency and comparison purposes but in each case we will confirm the scope of our work and our costs in our engagement letter.

Debt Recovery

DEBT RECOVERY (UP TO £100,000)

These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary.

When providing a quote for our fees for dealing with the recovery of a debt for you, we would prefer to discuss these with you before you instruct us so that we can give you a realistic figure rather than rely on generic figures that may well change when we are aware of the full circumstances.

We will generally be able to give you at least two options.

The first is a fixed fee plus VAT at 20% based on an agreed scope of work. This means that this figure will not change should the scope of the work not be exceeded.

Secondly, we can agree to proceed on the basis of an hourly rate fee, again for an agreed scope of work.

The general hourly rates for members of our team are as follows:

Partner £800
Associate £750
Trainee Solicitor £315 - £345

The above rates are those that apply from 1 January 2024. Our hourly rates are reviewed periodically, normally with effect from 1 January. VAT is payable on our fees at the standard rate prevailing at that time. As at 1 December 2023 this is at a rate of 20%.

There may also be other options available depending on the circumstances of the matter.

We will not proceed with our work until you have agreed the basis on which you wish to proceed.

Although every case is unique in terms of the time/work required, the commercial importance of the outcome and willingness of parties to fund litigation, a generic range of costs would be from a simple matter where no proceedings were drafted or issued (£4,000-£12,000 plus VAT at 20%) to factually and evidentially more complex matters where proceedings are issued (£20,000-£200,000 plus VAT at 20%).

If proceedings are issued this figure may well change, due to the actions of the other party, and there will also be the associated court fees which may be altered at any time, Details of Court Fees are available using this link: https://assets.publishing.service.gov.uk/media/6464c8c90b72d3000c344644/ex50a-civil-and-family-court-fees_may_2023.pdf

What is important is that before legal costs are incurred, our clients understand the variety of charging methods available to them and whether these make pursuing any debt uneconomic.

Our fee includes:

Taking your instructions and reviewing documentation;
Undertaking appropriate searches;
Sending a letter before action;
Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim;
Where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgement in default;
When Judgement in default in received, write to the other side to request payment.; and
If payment is not received within 14 to 28 days, providing you with advice on next steps and likely costs

How long will my matter take?

Matters usually take 2 to 26 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim.

This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

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