Boeing & Wise aims to provide specialist legal advice and service to our clients and absolute transparency as to how much our service is going to cost, so there are no nasty surprises along the way.
Although we have set out as much information here as possible, this can be quite a technical and complex area to get your head around. There are a lot of ‘what if’ scenarios and different factors that make not easily understandable.
We want our clients to be able to make informed decisions as to which payment option works best for them so should you require any further information, please do not hesitate to contact one of our team who would be happy to assist and provide you with further detail and answer any queries you may have.
When a client first approaches the firm with a legal issue, at the outset, it can be difficult to provide an exact estimate as to how much work achieving the client’s desired outcome will require. As such, most legal work carried out by law firms will be calculated on an hourly rate basis.
It is similar to how a plumber might give you a quote as to how much a job will cost but will only be able to provide you with the exact cost when the job is complete. The hourly rate as to any work carried out on your legal matter will vary depending on who is working on your case.
A Solicitor with over 4 years’ experience will work at a higher hourly rate than a paralegal, for example. The different grades of solicitors and paralegals depending on their years of experience are set out in our standard terms of business, copies of which can be provided upon request.
If you are paying for your legal advice or service privately and you choose this payment option, our team will provide you with regular updates as to how much work has been carried out on your behalf so you can keep on top as to the costs. Further, we can agree a limit as to any costs, which means that we would need your consent before racking up more hours and costs working on your legal matter.
Boeing & Wise appreciate that certainty is important for not just some but all our clients and we try to offer this as far as it is possible to do so. For some legal work and legal matters, we are able to provide clients with a fixed fee as to our legal costs.
This will usually be after an assessment of your case and the legal work you would require carried out. Typically, fixed fee arrangements work best for clients who are pursuing non-contentious legal services. For example, conveyancing services, drafting of contracts or wills.
As with any fixed fee arrangements, there is always the risk that the work carried out might end up costing more (which would be good news for the client!) or less. Our aim is to offer very competitive and generous fixed fees to clients who wish to choose this payment option.
Speak to one of our advisers to see how we could make it work for you. We can arrange instalment payment plans with regards to fixed fee arrangements in order to make it easier for clients, rather than requesting a lump sum. Contact one of our team today to find out more.
This funding arrangement only really works with regards to contentious legal matters where the outcome desired is monetary. Examples of contentious legal matters include personal injury claims, where there is a claimant and defendant, or employment tribunal matters, i.e. where the employee is suing the employer.
In family law cases there may be a claimant and a defendant but the outcome desired is not monetary so CFAs are not applied. You have most likely heard conditional fee agreements referred to as ‘No Win No Fee.’ What this means is that unless we ‘win’ your case, we will not charge you for the work we have carried out.
This does not necessarily mean that if we lose, you would have no fees to pay at the conclusion of your case (as there may be expenses such as medical reports that may need to be accounted for). However, your legal adviser will advise you and make you aware as to such costs and risks throughout the handling of your case.
This funding arrangement is (similar to CFAs above) only really applies to contentious legal matters where the outcome is monetary. In contrast to CFAs, where we would calculate work carried out on an hourly basis, with DBAs, we would simply agree with you a percentage of any compensation or settlement you received.
What this means is, like CFAs, you only have to pay our legal fees if we secure settlement for you. Even if we win a case, if a defendant is unable to pay because they have gone into administration, we would still not charge you for the cost of us carrying out legal work on your behalf, in preparing your case or claim.
If we win, we would seek to recover our legal costs from your opponent (the defendant). The calculation of our costs would still in this scenario be on an hourly rate basis. If the amount we recover from your opponent is less than the percentage we agreed with you, we would seek to recover the difference from your final settlement award.
Under no circumstances would we ever be able to recover more than the percentage of your compensation originally agreed.
Contact our offices today to book a free no obligation consultation with a qualified lawyer. We’re ready. Are you?