Fees and costs
General advisory work
We don't charge for initial meetings and won't charge until we tell you with the exception to non business related cases where we will charge a fixed fee for initial meetings. We always agree a basis for charging before work commences – usually in accordance with the time spent on your case but sometimes on a percentage of results achieved. If we are charging on a time basis, we will give you an estimate of the total fee and agree further fees if necessary, but at an early stage. We don't believe in leaving the meter running!
Formal insolvency work
In formal cases we normally charge on a time basis subject to the law and guidelines laid down by our professional body listed below:
Charging and disbursements policy
A creditors' guide to administrators' fees
A creditors' guide to fees charged by trustees in bankruptcy
A creditors' guide to insolvency practitioners' fees in a VA
A creditors' guide to liquidators fees in a liquidation
Currently our charge out rates are: Partner - £240, Manager - £240-£175, Assistant Manager - £135, Senior Professionals - £120, Assistants - £85, Trainees - £45. Our charge out rates are reviewed annually and since 1 January 2003 have increased by approximately 5% per annum.
We believe these are very competitive and about half that charged by large national firms.