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© 2020 Taylor Wood Solicitors
We are authorised and regulated by the Solicitors Regulation Authority SRA ID : 471920.
The SRA Code of Conduct can be viewed here www.sra.org.uk/rules
The SRA Transparency Rules which came into effect on 6th December 2018 seeks to improve public access to legal services by making sure that information on legal service providers are readily available to consumers, clients and prospective clients and that they are easy to understand.
The Rule requires us to publish our prices and service information if we advertise that we accept instructions in the following areas of practice. These are:
The work in this area of practice includes; applying for the grant of probate, collecting and distributing the assets.
We estimate that the above work will take between 35 and 85 hours work at £400.00 per hour. Total costs estimated between £14,000-
The exact cost will depend on the individual circumstances and the size of the estate. For example, if there is one beneficiary and there are no properties involved, costs will be at the lower end of the range. If there are multiple beneficiaries, more than one property and multiple bank accounts, costs will be at the higher end.
This quote is for estates where:
Disbursements which you may also have to pay for in addition to the above fee are
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smooth process.
Potential additional costs
If there is no will or the estate consists of shareholdings in publicly traded stocks and bonds, there is likely to be additional costs which will depend on the size of the estate and stocks involved. A more accurate quote will be provided upon provision of more information.
If any additional copies of the grant are required, they will cost £0.50.
How long will this take?
On average, estates that fall within the range described above are dealt with within 12 months. Obtaining the grant of probate takes approximately 4-
We can also offer a fixed fee service for probate where there is no inheritance tax payable and the executors do not need to submit a full account to HMRC.
We can carry out this service for a fixed fee of £5,000 plus VAT.
Breakdown of costs:
Our charges for acting for the Claimant and/or the Defendant in a claim for unfair or wrongful dismissal are as set out below:
The following factors play an important role in determining the complexity of a case.
The length of the final hearing will depend largely on the complexity of your case. Generally, we would allow between 1 and 5 days for a final hearing.
We sometimes instruct Counsel (a barrister who specialises in employment law) to be your advocate at any hearings. In most cases, we use our in house Solicitor Advocates to conduct the hearing.
Where we instruct Counsel, we estimate that Counsel’s fees for attending a Tribunal Hearing are likely to be between £1,500 and £4,000 (plus VAT) per day, depending on the seniority of the barrister. This will generally include preparation time.
Where our in house Solicitor Advocates conduct the final hearing, we will apply additional charge of between £1500 and £2000 (Plus VAT) per day to the fee estimate provided above.
If you would like us to attend a hearing with Counsel, there will be an additional charge of between £1,200 and £3,000 (excluding VAT) per day, depending upon the seniority of the fee earner attending.
Payment of costs
Ordinarily, we would expect you to fund our costs personally. However, it may be that you have the benefit of a legal expenses insurance policy which might cover our fees. This type of policy might be included within your household insurance or as part of your banking arrangements. We can discuss this further during our initial consultation.
Recovery of costs from your opponent
Generally, employment tribunals operate what is called a ‘no costs rule’. This means that, regardless of the outcome of the case (whether you win, lose or draw) you will be required to bear your own costs. In certain very limited circumstances, the tribunal might order an unsuccessful party to pay the successful party’s costs. We can explain this to you in further detail, should you choose to instruct us.
The fees set out above cover all of the work in relation to the following key stages of a claim:
The stages set out above are an indication of the type of work that will be necessary to progress your case all the way to a final hearing. If some of these stages are not required, the total fees may be less than those indicated above. You may wish to handle the claim yourself and only have our advice in relation to some of the stages. We are happy to act for you on this basis and will charge our time according to a previously agreed hourly rate.
How long will my matter take?
The time that it takes from taking your initial instructions to the final resolution of your matter depends largely on the stage at which your case is resolved. If a settlement is reached during pre-
Where your claim is for recovery of specified amount, we will agree an initial fee with you for reviewing any documents and correspondence supplied by you and writing an initial letter before action, claiming payment of the debt on your behalf. Depending on the amount of documentation which you provide, our fee is likely to be in the region of £900 to £1,500 (plus VAT).
Should it become necessary to issue proceedings for recovery of an undisputed debt, the following Court fees will apply:
If you wish to proceed with a claim, you should note that:
We will charge between £1000 and £1500 (plus VAT) to draft simple short-
If the other party fails to acknowledge service of the proceedings or file a defence to the claim, we will charge £350 (excluding VAT) to request a default judgment and, on receipt of the default judgment, to write to the other party again, demanding payment.
A default judgment will only include Court fees and fixed solicitor’s costs (as provided for by the Civil Procedure Rules). You will not be able to recover the fees which you pay us.
If the other party fails to pay the judgment debt, we will (if so requested) write to you setting out the various ways in which you may be able to enforce payment of the judgment debt. The fees set out above do not include the cost of any further action which may be required to enforce payment of the judgment debt.
If the other party disputes/defends your claim and the matter becomes contested, we will discuss any further work which may be required and provide you with a revised estimate as to the costs of such further work.
Our fees are time-
Undisputed claims are likely to take anything between 2 weeks and 3 months 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.
Disputed claims can take up to 12-
In certain circumstances, it may be appropriate to draft and serve a statutory demand claiming payment of an undisputed debt. Our fees for doing this (including the cost of arranging for personal service of the demand on the debtor) will be in the region of £1,000 plus VAT. We can discuss this method (and the costs involved) in further detail during our initial consultation.
SRA Transparency Rules