Fees and costs
General advisory work
We don't charge for initial meetings and won't charge until we tell you. The only exception to this is non business related cases (for example consumer credit card problem debt) 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 insolvency appointment cases we normally charge on a time basis subject to the law and guidelines laid down by our professional body listed below. Click here to see our charging and disbursements policy and click below to see the official creditor guides.
For insolvencies that started before the 6 April 2010
A creditors' guide to administrators' fees pre 6 April 2010
A creditors' guide to liquidators' fees pre 6 April 2010
A creditors' guide to voluntary arrangement fees pre 6 April 2010
A creditors' guide to bankruptcy fees pre 6 April 2010
For insolvencies that started after 6 April 2010
A creditors' guide to administrators' fees 6 April 2010
A creditors' guide to liquidators' fees 6 April 2010
A creditors' guide to voluntary arrangement fees 6 April 2010
A creditors' guide to bankruptcy fees 6 April 2010
Currently our charge out rates are: Partner £275, Manager £215-£195, Assistant Manager £155, Senior Professionals £130, Assistants £95, 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 national firms.