Charges for legal services
We aim to make sure you have the information that you need to make an informed choice of legal services provider, including understanding what the costs may be. We are required by the Solicitros Regulation Authority to publish information on the prices we charge for certain services that we offer.
These services are:
Residential conveyancing (Freehold sale or purchase, leasehold sale or purchase, mortgages and remortgages).
Probate (uncontested cases with all assets in the UK).
Motoring offences (summary only offences).
Unless you are being funded through legal aid (or some other third party funding arrangement), have agreed with us fixed fee or have agreed with us some form of no win no fee or contingency arrangement until otherwise advised, our charges will be in accordance with the hourly rates advised below and on our estimate given below.
If the matter proves abortive (does not proceed), it will be charged on a pro rata rate for the work done, based again on the hourly charging rate shown below. This will include attendances upon you and others; any time spent travelling; considering, preparing and working on papers, correspondence and making and receiving telephone calls.
Each partner, solicitor and other fee earner’s time is charged out at an hourly rate which reflects overhead costs. Routine letters sent out by the firm are charged at 6 minutes per page, telephone calls at 6 minute units and consideration of letters received at 3 minutes per page. The full hourly rates are:
Level 1 Partners and Senior Solicitors £261.00
Level 2 Assistant Solicitors/Legal Executive over 4 years’ experience £218.00
Level 3 Assistant Solicitors/Legal Executive under 4 years’ experience £178.00
Level 4 Trainee Solicitor/Legal Executive £126.00
Your work will predominantly be undertaken by the fee earner whose level of seniority is set out in the earlier part of this letter under “who is dealing with the matter”, we reserve the right to increase the seniority of fee earner dealing with your matter where the circumstances of the case warrant this.
When the instructions of the client necessarily require that interviews, inspections or other work is carried out, outside normal hours or our offices, Holden and Co LLP reserve the right to increase the level of charge to the hourly rate charged for such work but will inform you of their decision on this before undertaking the same.
The hourly rates referred to above are normally reviewed annually and take effect from 1st May to reflect changes in salary and other overhead costs. Details of these rates or any revision occurring during the continuance of a transaction will be supplied to a client on request. These rates may not be appropriate in cases of exceptional complexity or urgency. Where it becomes apparent that such circumstances exist, Holden and Co LLP reserve the right to cease acting for you unless revised rates are agreed in substitution for future work. However, normally changes in the hourly rates will not affect conveyancing work already being undertaken upon the basis of an estimate based upon our tariff charges.
An additional charge may arise if the transaction involves a substantial financial consideration or benefit to the client, and be based on our assessment of the import thereof to reflect the importance of the transaction and the responsibility falling on the firm. Further information on the calculation of the value element and whether it will be applied in your case will be supplied on request, but for most residential transactions is reflected in the tariff charges. This may be reviewed upon a risk analysis basis when more is known about the transaction and the circumstances surrounding the same.
Disbursements include payments made by Holden and Co LLP on behalf of the client, e.g., search fees and reports. Holden and Co LLP have no obligation to make such payments unless funds have been provided by the client for that purpose. VAT is payable on certain disbursements. In particular, if we feel that the case requires the instruction of Counsel, or you request that Counsel is instructed for you, no such instruction will be undertaken unless and until sufficient sums have been deposited with us to cover all of Counsel’s anticipated fees and disbursements.
Subject to certain exceptions contained within the Conditional Fee arrangements that Holden and Co LLP may have in relation to some matters fees are payable whether or not a transaction is successfully completed. If any case or transaction does not proceed to completion for any reason during the period in which the firm is instructed, then Holden and Co LLP shall be entitled to charge for work done on the basis set out above but, in its absolute discretion, the firm may waive part or all of such entitlement to fees.
For more infomation see our Terms and Conditons of Business