Our Fees Explained: Company & Commercial

We aim to deliver a professional service which achieves your aims whilst being transparent about our pricing structure.

Our focus is delivering excellent client care which combines strong technical advice with a strategic and commercial consideration as to the practicalities of operating a business.

Funding Options

There are a number of ways to fund our services and we will aim to provide a funding package for you which is suitable for particular circumstances. We are not obliged to offer any particular method of funding and some methods of funding may only be available in cases where we assess that the case is suitable for both you and us.

Typically, the funding options we can consider are:

Fixed Fee

We may agree to charge you a fixed fee for a particular matter, or part of a matter. Our charge will not be relevant to the time we spend on the matter albeit an estimate of the likely time we spend on a matter will be used as the basis for setting the fee.

We may set a number of fixed fees relevant to a matter to fix a fee for a particular matter in the transaction or dispute. By way of example, we may agree a fixed fee to review your prospects of success and provide an advice on this.

Typically, many of our services offered for Company & Commercial work will be on a Fixed or Agreed Fee basis.

Private Retainer

You will pay us for our charges based on an hourly rate set in our retainer. We will provide you with an estimate of fees from time to time but our charges will be based on the amount of time we spend on your matter.

Our standard hourly rates are dependent on the qualification and experience of the fee earner dealing with the matter.

Grade of Fee Earner Hourly Rate
Grade A

Any Solicitor or Legal Executive with over 8 years PQE. Grade A will include any Director

£225 per hour plus VAT
Grade B

Any Solicitor or Legal Executive with more than 4 year’s PQE but less than 8 year’s PQE. Any other fee earner with more than 4 years experience.

£200 per hour plus VAT
Grade C

Any Solicitor or Legal Executive with less than 4 years PQE. Any other fee earner with more than 1 year but less than 4 years experience. Trainee Solicitors shall be regarded as Grade C if they have more than 2 years experience prior to commencement of the training contract.

£175 per hour plus VAT
Grade D

Any Trainee Solicitor or other fee earner with less than 1 year’s experience.

£135 per hour plus VAT

An estimate of our charges on a Private Retainer are detailed below.

Estimate of Fees

We have provided three examples of fees below based on different styles of funding.

Fixed Fee

Most of our services are provided on a Fixed Fee basis. The exact amount of the Fixed Fee will depend on the complexity of the transaction or documents we are required to draft or advise on.

We will provide you a fee quote once we have taken instructions from you about the services you require.

Oakwood Connected

It may be possible for our fees to be structured under our Oakwood Connected package which means that our fees for Company & Commercial work may be included in a monthly retainer package. This may depend on the nature, extent and complexity of the work you require us to undertake.

Private Retainer

The extent of our fees will be dependent upon the amount of time we spend on your case and the level of the fee earner who has conduct of the matter. We will allocate a fee earner of a suitable level to your case. So for example, more complex cases will ordinarily be dealt with by more senior staff.

By way of example if a case is dealt with by our Head of Department, Richard Coulthard, his hourly rate is £225 per hour plus VAT. If we spent 10 hours working on your file, our fees would therefore equate to £2,250 plus VAT.

How long will my matter take?

The length of time of your matter will depend on what steps you instruct us to take. For instance, in most circumstances where you are asking us to draft agreements or documents such as Terms of Business, Shareholders Agreements or other documents related to your business, we will endeavour to send you a first draft of these documents within 2-4 weeks of an instruction.

On transactional matters such as business sales or acquisitions the length of time will depend on a number of factors including the extent of the due diligence process and the cooperation of the other parties involved.

WHAT TO DO NEXT

If you would like to enquire about any of our services, call us now on 0113 200 9787 or email us at enquiries@oakwoodsolicitors.co.uk.

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