We understand there may be times when your business requires some professional help to recover monies owed.
First North Law’s charges for acting on your behalf in connection with the recovery of debt is charged at an hourly rate of £200 per hour (plus VAT at the rate of 20%).
We confirm that in addition to our costs you will be required to pay a number of disbursements which are payments to third parties and will include:
- Court fees depending on the value of the debt
- Allocation fee
- Counsel’s fees if a Barrister is to represent you in the Court Proceedings
- Expert fees if an expert is required to give evidence
- Enforcement fees e.g. Bailiff fees
The disbursements incurred may not be immediately apparent at first and may only become apparent at a later stage in the proceedings.
Our fees will include:
- Taking your initial instructions and continuing instructions
- Undertaking appropriate searches
- Sending a letter before action
- Completing the appropriate summaries, drafting and issuing the claim if payment is not made
- Where no acknowledgement of service or defence is received, applying to Court to enter a judgement in default
- On receipt of judgement in default writing to the other side and requesting payment
- If payment is not received providing the client with advice on the next stage and the likely costs
Should you wish to discuss your specific requirements, we are happy to provide a quote and look forward to hearing from you.