8. Fees (relating to all matters) 8.1 Where we have given you an estimated/fixed fee. This is based upon the standard transaction and is designed to cover a reasonable number of telephone calls, letters, faxes, e-mails and/ or documents. If the transaction is unexpectedly complicated or lengthy, we reserve the right to charge an additional hourly rate over and above the quoted fee. We will notify you in advance if this is the case. 8.2 Unless and until either (a) an alternative fee arrangement has been agreed and confirmed in writing by us or (b) you are entitled to have the fee of Victory at Law Solicitors paid by the Legal Aid Agency, the basis for calculation of our fees is described below. This is mainly by reference to the time spent by the relevant fee earner and staff on dealing with the transaction or case, the time charged being all time spent on your affairs. This will include attendances upon yourself and perhaps others; any time spent travelling; considering, preparing and working on papers and correspondence; making and receiving telephone calls; all time spent making file notes; etc. 8.3 Each solicitor and trainee’s time is charged out at an hourly rate (broken down into six minute units) which reflects overhead costs. Routine letters, telephone calls and faxes are charged at a single unit whereas longer telephone calls or letters are timed in six minute units, as are all other matters. File opening is charged at £50.00. Minimum charge on any matter is £75.00 + VAT. 8.4 The current guideline hourly rates of solicitors are set out below. These rates do not include VAT. Pay band A (Solicitors with over 8 years’ experience): £350.00 Pay band B (Solicitors with over 4 years’ experience): £250.00 Pay band C (Other solicitors or fee earners with equivalent experience): £180.00 Pay band D (Trainee solicitors, paralegal and other fee earners): £150.00 8.5 Where your instructions require that work is done outside of normal office hours, we reserve the right to increase the level of the hourly rate. Your client care letter will indicate all negotiated hourly rate. 8.6 The hourly rates set out above are normally reviewed annually to take effect from the 1st November. Details of any revision of rates occurring during the continuance of a case or transaction will be supplied to you. These rates may not be appropriate in cases of exceptional complexity or urgency. Where it becomes apparent that such circumstances exist, we reserve the right to cease acting for you unless revised rates are agreed for future work. 8.7 Some transactions involving a substantial financial consideration or benefit to the client, may attract fees calculated by reference to the time spent and also by reference to a value element based on e.g. the size of the Estate or the value of the financial benefit. The value element reflects the importance of the transaction and the consequent responsibility falling on the Firm. Further information on the calculation of the value element and whether it will be applied to your case will be supplied. 8.8 In relation to payments made by us on your behalf e.g. for such items as Court fees, Counsel’s fees, fees for medical reports, search fees, Land or Probate Registry fees, etc., Victory at Law Solicitors have no obligation to effect such payment unless funds have been provided by you for that purpose. VAT is payable on some of these payments. 8.9 Fees are payable whether or not a case is successfully concluded or a transaction is completed. If any case or transaction does not proceed to completion for any reason during the period in which we are instructed, then we shall be entitled to charge for work done on the basis set out above but, in our absolute discretion, we may waive part or all of such entitlement to fees.
8.10 Instructions from limited liability companies are accepted only on the basis that all sums due to Victory at Law Solicitors for costs and disbursements are personally and jointly and severally guaranteed by all the directors and officers of the company. 8.11 You should take careful note that instructing Victory at Law Solicitors to take on your matter under a No Win No Fee agreement involves us acting your case throughout its lifetime with obvious cost implication to Victory at Law Solicitors. This is done without charge or interest payable by you. Victory at Law Solicitors, therefore, anticipates making profit out of their share of your costs/damages. You should therefore realise that although there is no restriction on your changing solicitors in your matter there are financial matters to be settled. Should you wish to change solicitors and we are confident that Victory at Law Solicitors are providing a full and proper service, you will be invoiced the full cost of the work we have carried out to-date at our private rates according to our Terms and Conditions. Your new chosen Solicitors will also have to provide a written undertaking to discharge our No Win No Fee percentage out of any future compensation received. Both these matters are required to be satisfied prior to your file of papers being handed over. 8.12 Other cases or transactions – It is helpful if you pay us as of when due to avoid any delay in the progress of your case. In transactions or cases likely to continue for more than one month, interim accounts covering the work already carried out will normally be rendered from time to time. This procedure enables you to budget the costs as the matter progresses. In the event of any account or request for payment on account not being paid, we reserve the right to decline to act further in the case. The full amount of work done up to that date will be subject to a final account rendered and will be a debt due from you. 8.13 Interest will be charged at 4% over Barclays Bank PLC’s base rate from time to time from the date of delivery of an account in cases where payment is not made within twenty-eight days of such delivery. Victory at Law Solicitors will be entitled to charge for all expenses and costs to which we are put in recovering monies due to us. 8.14 In cases or transactions continuing for some period of time, you may find it convenient to arrange regular payments on account by way of Bank Standing Order. If you wish to make use of this facility, please raise this with us.
8.15 Where in any matter you are receiving assistance with payment of legal costs or disbursements from another source, for example, legal insurance, you will remain responsible to us for those costs and disbursements unless and until payment has been received in full.
8.16 For some cases funded privately, there is a charge of £50.00 for opening a file and a charge of £50.00 for dealing with Money Laundering Regulation, where relevant. 8.17 There may be circumstances where Victory At Law may be entitled to exercise a lien for unpaid costs. |