It is one of our key commitments that at any point throughout a transaction, you will have total transparency on what you can expect to pay.
Although it’s not always apparent straightaway how much work will be required, we will always endeavour to give you an accurate picture as early as possible. If at any point we discover that more or less time is needed to complete the task to the agreed level, we will immediately inform you and will not proceed any further without your approval.
How we charge
For simple legal transactions, it may be that we can offer you a fixed fee. Should the criteria of the transaction change, for example, because of new information, unforeseen complications or successive changes to the initial instructions, we may revise our quote and resubmit this to you for approval.
For more complex work where there is a wide degree of variation between transactions, for example, if you are selling your family business, we may give you an estimate based on our current knowledge of the situation and on the hourly rate of the legal professional who will be conducting the work for you.
If we complete the work in less time than anticipated, we will deduct this from the final bill. If we can see that the work will take longer than estimated, we will give you a revised quote as soon as this becomes clear. We will not proceed until you have approved this additional cost.
Our legal fees are regularly assessed by an independent Law Accountant to ensure they are fair and reasonable, so you can be reassured that the quote you receive is fair and competitive.
Ways to pay
We use our vast experience across all types of legal, financial and property transactions to estimate the amount of work required for each individual transaction to a high degree of accuracy.
However, if you require totally clarity on cost from the start, in certain cases we can accommodate this. We will provide a cost based on the full extent of the information available to us before the start of the transaction and fee this upfront. Should the transaction then require additional work on our part, we will not request any further payment. That way you know you won’t have any more bills to contend with down the line. Ask your solicitor about 'scoping' payment if this is of interest to you.
In order to accommodate your requirements for payment, we have a range of options available. This includes online, BACS, cheque, debit or credit card. We can also agree a plan to spread the cost over a number of payments.
If you would like to find out more about any of these options, speak to your advisor or get in touch.