Boddy Matthews
Solicitors

 
   
 

What It Costs You

 

We pride ourselves on our commercial approach to fees. As business owners and managers, we have experienced life on the other side of the fence and understand the pressures you face. Our overriding objective is to provide value for money. We believe the keys are transparency and certainty so that there are no surprises.

 

We believe our fees are competitive and equally, we won’t take a sledgehammer to crack a nut. What we do will be proportionate to your needs. We won’t overplay the situation or do unnecessary work. We won’t waste your time (or ours) nor will we waste your money.

 

An hourly rate and our time spent is only a starting point. We will discuss fixed and capped fees on a case by case basis. We are committed to offering good value without compromising the quality of the services we provide.

 

Our standard practice is to bill monthly having pre-agreed the amount with you. We will review what needs to be done to determine the appropriate level of fee against an overall budget or estimate or other agreed parameters and seek your approval. Where appropriate, we will also agree with you the relevant assumptions that underpin the agreed charges.

 

At the end of the month, we will provide a breakdown of the costs incurred and the work undertaken together with details of any (pre-approved) expenses incurred.

 

We monitor fees and costs closely and will mange each matter in the most cost efficient way we can. We work in partnership with you on cost budgeting.

 

Retainers –We can provide retainer fees for HR advisory work and other day to day employment support which we are happy to discuss in further detail.

 

Fixed and Capped Fees - We offer fixed or capped fees for relevant services.

 

Tailored Approach - Our costs projections reflect your business needs and cashflow, to see you through to an agreed stage or the project as a whole.

 

Price Transparency

In accordance with our transparent and ethical approach for clients and the requirements of our regulatory body, the Solicitors Regulatory Authority, we set out below typical costs for an undisputed business to business debt.

 

Undisputed Business to Business Debt 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. The fees below assume the debt does not exceed £100,000 inclusive of interest and costs.

 

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, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

 

Our current hourly rates are:

 

For senior partners and senior consultants: £285 plus VAT.

 

For a junior solicitor £160 plus VAT.

 

Debt Value

Court Fee

Our Fee

Up to £10,000

Between: £35 and £455

Claims for less than £10,000 do not usually need the involvement of a solicitor. They are allocated to the “small claims” track of the county court.  Proceedings can be issued online using Money Claims On-Line.  You will not usually be able to recover your legal fees for a claim worth less than £10,000 even if you win. If you did wish to instruct us, our fees are likely to be £500 plus VAT plus disbursements for initial advice and a letter before action under the Court Protocol.

£10,001 - £100,000

5% of the value of the claim

£1,500 to £4,000 plus VAT plus disbursements for an undisputed debt action. See below.

 

Broadly speaking we would expect our fees to be between £1,500 and £4,000 (excluding VAT and excluding any disbursements) for the work involved in relation to an undisputed debt action as set out below. Please note however, that if some of the stages are not required, our fees will be reduced.


For an undisputed debt action our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • If the debt is not paid, drafting and issuing a claim
  • Where no Acknowledgment of Service and/ or no Defence is received, applying to the court to enter Judgement in default
  • When Judgement in default is received, write to the other side to request payment
  • If the debt is undisputed negotiations for payment may include an agreed payment schedule
  • If payment is not received within 28 days, providing you with advice on next steps and likely costs. This will include enforcement action.

Disbursements


Disbursements are costs related to your matter that are payable to third parties, such as a barrister also known as counsel, and Court fees.

 

If you issue a claim at Court you will be required to pay a Court fee. The Court fees are based on the amount claimed, including interest.

  • For a claim value of up to £5,000 the Court fee will be between £35 to £205
  • For a claim value of between £5,001 to £10,000 the Court fee will be £455
  • For a claim value greater than £10,000 and up to £100,000 the Court fee will be 5% of the value of the claim.

 

Sometimes we will engage a barrister (Counsel) to advise and as necessary draft the claim on your behalf. Counsel's fees will depend on the experience of the advocate and the work they are to carry out. We will advise you on likely fees on a case by case basis.


Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor.
  • Interest and compensation may take the debt into a higher banding, with a higher cost.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

How long will it take


Matters usually take 2-8 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.


Complex and Disputed cases

 

For complex and defended cases, we will advise on likely costs for each stage of the action.

 

Alternative Dispute Resolution

 

We will also advise on strategy for Alternative Dispute Resolution (ADR) procedures to seek to resolve the dispute without the need for Court action, in undisputed or complex cases. See our ADR section for further information.

 

For disputes or litigation you may also be interested in:

Funding Litigation - We are committed to help you manage the costs of dispute and litigation. This includes offering:

  • Budgets for litigation, strategic risk management and franchising
  • Fixed or capped fees for discrete stages of litigation where appropriate
  • Conditional Fee Agreements ( CFAs) (both full and partial) in appropriate cases
  • Standard fixed charges for routine claims such as debt recovery
  • Third Party Funding
  • Litigation insurance, both Before and After The Event with or without CFAs
  • Damages Based Agreements and contingent fees. Fees agreed contingent on the success of the case and determined as a percentage of the compensation received by you.
 
     
 

Office Address

 

Boddy Matthews Limited
7-11 High Street
Reigate, Surrey
RH2 9AA

 

Contact

 

+44 (0) 1737 339838 info@boddymatthews.com

Chambers / Legal 500

 

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