All of our fees are based on the hourly charge-out rates of the fee earning staff appointed to your case and the amount of time they spend working on your case.
All of our fee earners - Solicitors, Trainees and Paralegals have standard hourly charge out rates which are reviewed each year.
The more senior and/or experienced the individual, the higher the hourly rate. The more junior and/or inexperienced the individual, the lower the hourly rate.
Although at TV Edwards there can be some variation on the rates quoted below, the vast majority of our fee earners work to the following hourly rates:
£267 per hour for a solicitor of more than 8 years qualification
£229 per hour for a solicitor of more than 4 years qualification
£165 per hour for a solicitor of less than 4 years qualification
£120 per hour for paralegals and trainee solicitors.
All of these rates are exclusive of VAT.
In some limited circumstances we may charge a premium hourly rate in excess of the standard hourly rate. An example of these circumstances might be where you instruct us very late in the day and we are required to work to extremely tight deadlines or outside of normal office hours.
In all cases we will give you an estimate of how much our charges will be and any different options that might be available to you. We will usually confirm this with you in writing.
In most cases we will ask you for money on account of our costs, this is a sum of money that will be held in your client account until we are ready to issue you with a bill. Most clients with cases that continue for any length of time will be billed monthly. In these sorts of cases we will account to you for the work that we have done in the month and present you with a bill for that work each month.
In some circumstances, we may be able to work for you for a fixed fee. A fixed fee is our best estimate of how much it will cost to conduct a case or a particular part of it based upon the hourly rate of the fee earner conducting the case and the amount of time we think it will take to conclude.
By fixing the fee, we are in most cases letting you know exactly how much your case will costs right at the outset.
Fixed fees can be attractive to those who are anxious to know precisely how much a case will cost. They tend to lend themselves to more straightforward cases that have a more predictable beginning and end.
In more complex or long running cases we are usually unable to fix our fees because it can simply not be possible to predict with accuracy the amount of work that will be involved right at the outset.
When we do offer a fixed fee we will be very clear about the amount or type of work that the fee will cover. This will be set out in our initial letter to you and can be as simple as a list of work that is included in the fee and a list of work that is not included in the fixed fee.
In almost all cases where we work to a fixed fee, we reserve the right to charge additional amounts if the circumstances of the case materially change. This would be an unusual outcome but there are circumstances where in order to progress your case or to bring it to a conclusion, we need to undertake work that was not envisaged when we first quoted the fixed fee. In these circumstances we would always discuss and agree with you any additional charges before undertaking the additional work.
In all cases we will do our utmost to provide the best possible information on our fees at the beginning of the case, at regular intervals throughout your matter and at its conclusion.
At TV Edwards we understand that every person’s case is unique. In order to give you the best possible information on our costs and the different options available to you, we would invite you to get in touch so that we can discuss your particular case and give you the best possible information.
There are particular types of case where the Solicitors Regulation Authority require us to publish more detailed information on price and service.
The links below will take you to a page where we outline some of our prices along with more certainty around the key stages of these types of matters.
If you have any immediate questions on this topic, please do not hesitate to email us at email@example.com