AJJB Law undertakes volume debt recovery work for referred clients from third party introducers. AJJB’s clients are normally regulated by the FCA or another similar statutory body. The costs below are indicative of the costs AJJB charge such clients. However these can be subject to negotiation depending on the type of client and volume of work.
The work is undertaken by a team of paralegals who specialise in debt recovery. Further details of their qualifications and experience are available to clients on request. Legal work undertaken by them is supervised by Leonard Thomas James a solicitor with over 20 years of experience in debt recovery issues.
We set out our standard fees below and some brief information about time scales.
AJJB will on your instruction draft and send an initial Letter Before Claim (“LBC”).
The LBC will have a timeline for when payment or a response is to be received. The timeline for an LBC to be responded to is either 30 days (individual) or 14 days (business) depending upon the nature of the debt.
If this is not complied with, AJJB will inform you that AJJB are ready to issue the Claim.The fixed fee for preparing and issuing the LBC is £50.00 plus VAT (currently 20%). This is subject to discussions with volume providers.
AJJB’s charges can be structured in various ways before a Claim is issued. Unless specified in your terms and conditions, all charges above are not recoverable from the debtor/customer.
If the LBC does not prompt a response or payment of your debt, AJJB will prepare a Claim Form and send it to Court for proceedings to be issued. The Court will then send the Claim Form to the Defendant.If the Defendant does not file a defence within the relevant time we will enter judgment in default of a defence. If the Defendant files a defence we will then consult with you as to whether you wish to deal with this matter as a defended claim on the basis of our defended costs.
The Court fees and solicitors fixed costs up to judgment by default are set by the Court. These costs are added to the claim and form part of the amount claimed on judgment. In respect of the solicitors fixed costs referred to below, we add VAT at 20% when billing you.
| Value of Claim | Issue fee (£) | Solicitors fixed costs on issue (£) |
Solicitors fixed costs on judgment in default | Total |
|---|---|---|---|---|
| Greater than £300 | 50 | 50 | 25 | 125 |
| Greater than £500 | 70 | 70 | 25 | 165 |
| Greater than £1000 | 80 | 80 | 25 | 185 |
| Greater than £1500 | 115 | 80 | 25 | 220 |
| Greater than £3,000 | 205 | 80 | 25 | 310 |
| Greater than £5,000 | 455 | 100 | 35 | 590 |
| Greater than £10,000 | 5% of value of claim | 100 | 35 | N/A |
| Greater than £200,000 | £10,000 | £100 | 35 | 10,135 |
Where a matter is ended by entering judgment in default of a defence we would normally expect it to be concluded within 72 days of our letter before claim.
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor.
- Interest and compensation may take the debt into a higher banding, with a higher cost.
- The costs quoted above are not for matters where enforcement action, such as the bailiff or High Court Enforcement Officer, is needed to collect your debt.
Our fee includes:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Sending a letter before action
- Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
- Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
- When Judgement in default in received, contacting the other side to request payment
Matters usually take 72 days 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.
Advice and costs regarding enforcement are provided after judgment has been obtained as discussed below.
It would not normally be necessary to undertake other work or incur other costs other than those described above. However, we would be very happy to provide you with a more tailored quote for all stages of your particular case once we know about your specific circumstances.
AJJB charges hourly rates (see below) if the Claim is defended. AJJB will take your instructions at this stage and advise on the prospects of success in dismissing the Defence and obtaining Judgment on your behalf. Arrangements in this regard may differ with certain volume clients.
We would also discuss with you the likely costs of pursuing a defended claim to a final hearing.
Where a matter is defended or disputed in this way we would normally expect it to be concluded within 42 weeks of our letter before claim.
AJJB can act on your behalf in commencing enforcement action of the judgment. It is not possible to estimate at this stage how long enforcement would take and what the costs would be. This will depend upon how much time and money the client wishes to invest in pursuing the debt. AJJB can discuss this process with you regarding the timelines and costs before any action is subsequently taken. Both Defended and Enforcement work would be undertaken on an hourly rate basis. Our standard hourly rates are detailed below.
- Solicitors and legal executives with over 8 years’ experience £217
- Solicitors and legal executives with over 4 years’ experience £192
- Other solicitors or legal executives and fee earners of equivalent experience £161
- Trainee solicitors, paralegals and other fee earners £118
These hourly fees exclude VAT, currently chargeable at 20%.
It would not normally be necessary to undertake other work or incur other costs other than those described above. However, we would be very happy to provide you with a more tailored quote if you contact us.
AJJB Law undertakes volume debt recovery work for referred clients from third party introducers. AJJB’s clients are normally regulated by the FCA or another similar statutory body. The costs below are indicative of the costs AJJB charge such clients. However these can be subject to negotiation depending on the type of client and volume of work.
The work is undertaken by a team of paralegals who specialise in debt recovery. Further details of their qualifications and experience are available to clients on request. Legal work undertaken by them is supervised by Leonard Thomas James a solicitor with over 20 years of experience in debt recovery issues.
We set out our standard fees below and some brief information about time scales.
AJJB will on your instruction draft and send an initial Letter Before Claim (“LBC”).
The LBC will have a timeline for when payment or a response is to be received. The timeline for an LBC to be responded to is either 30 days (individual) or 14 days (business) depending upon the nature of the debt.
If this is not complied with, AJJB will inform you that AJJB are ready to issue the Claim.The fixed fee for preparing and issuing the LBC is £50.00 plus VAT (currently 20%). This is subject to discussions with volume providers.
AJJB’s charges can be structured in various ways before a Claim is issued. Unless specified in your terms and conditions, all charges above are not recoverable from the debtor/customer.
If the LBC does not prompt a response or payment of your debt, AJJB will prepare a Claim Form and send it to Court for proceedings to be issued. The Court will then send the Claim Form to the Defendant.If the Defendant does not file a defence within the relevant time we will enter judgment in default of a defence. If the Defendant files a defence we will then consult with you as to whether you wish to deal with this matter as a defended claim on the basis of our defended costs.
The Court fees and solicitors fixed costs up to judgment by default are set by the Court. These costs are added to the claim and form part of the amount claimed on judgment. In respect of the solicitors fixed costs referred to below, we add VAT at 20% when billing you.
| Value of Claim | Issue fee (£) | Solicitors fixed costs on issue (£) |
Solicitors fixed costs on judgment in default | Total |
|---|---|---|---|---|
| Greater than £300 | 50 | 50 | 25 | 125 |
| Greater than £500 | 70 | 70 | 25 | 165 |
| Greater than £1000 | 80 | 80 | 25 | 185 |
| Greater than £1500 | 115 | 80 | 25 | 220 |
| Greater than £3,000 | 205 | 80 | 25 | 310 |
| Greater than £5,000 | 455 | 100 | 35 | 590 |
| Greater than £10,000 | 5% of value of claim | 100 | 35 | N/A |
| Greater than £200,000 | £10,000 | £100 | 35 | 10,135 |
Where a matter is ended by entering judgment in default of a defence we would normally expect it to be concluded within 72 days of our letter before claim.
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor.
- Interest and compensation may take the debt into a higher banding, with a higher cost.
- The costs quoted above are not for matters where enforcement action, such as the bailiff or High Court Enforcement Officer, is needed to collect your debt.
Our fee includes:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Sending a letter before action
- Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
- Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
- When Judgement in default in received, contacting the other side to request payment
Matters usually take 72 days 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.
Advice and costs regarding enforcement are provided after judgment has been obtained as discussed below.
It would not normally be necessary to undertake other work or incur other costs other than those described above. However, we would be very happy to provide you with a more tailored quote for all stages of your particular case once we know about your specific circumstances.
AJJB charges hourly rates (see below) if the Claim is defended. AJJB will take your instructions at this stage and advise on the prospects of success in dismissing the Defence and obtaining Judgment on your behalf. Arrangements in this regard may differ with certain volume clients.
We would also discuss with you the likely costs of pursuing a defended claim to a final hearing.
Where a matter is defended or disputed in this way we would normally expect it to be concluded within 42 weeks of our letter before claim.
AJJB can act on your behalf in commencing enforcement action of the judgment. It is not possible to estimate at this stage how long enforcement would take and what the costs would be. This will depend upon how much time and money the client wishes to invest in pursuing the debt. AJJB can discuss this process with you regarding the timelines and costs before any action is subsequently taken. Both Defended and Enforcement work would be undertaken on an hourly rate basis. Our standard hourly rates are detailed below.
- Solicitors and legal executives with over 8 years’ experience £217
- Solicitors and legal executives with over 4 years’ experience £192
- Other solicitors or legal executives and fee earners of equivalent experience £161
- Trainee solicitors, paralegals and other fee earners £118
These hourly fees exclude VAT, currently chargeable at 20%.
It would not normally be necessary to undertake other work or incur other costs other than those described above. However, we would be very happy to provide you with a more tailored quote if you contact us.