Timescales for a case may vary depending on factors such as barristers’ availability, the type and complexity of the case, the other side’s approach and court waiting times.
The following are the types of fee that are commonly accepted by members of Chambers for privately paid work:
Brief fee and refresher
A brief fee is a fixed fee which covers preparation for a trial and the first day. A refresher is a fixed fee for each subsequent day of the trial (which includes ongoing preparation).
Conditional fee agreement
A client will only pay for work doneif they receive compensation as a result of the proceedings. Conditional fee agreements are often referred to as â€œno win, no feeâ€ agreements.
We will charge a client a set amount of money for work. This removes the anxiety of not knowing how long the work might take and therefore the cost. However, by charging on a fixed fee basis we will be taking on the risk that the work may take longer than expected, and so may charge a higher fee to compensate for this. There may also be circumstances where additional fees are charged, these circumstances will be clearly set out in any fixed fee agreement that we reach with a client.
When a legal services provider charges a client per hour worked. The setting of hourly rates is not necessarily straightforward and a number of factors may determine the rate that we choose to set; for example, the complexity of the instructions, the difficulty or novelty of the questions raised, the seniority of the instructed barrister, the type of client, the urgency or otherwise of the work required and the other commitments of the instructed barrister.
All fee quotes from KBW Chambers are exclusive of VAT unless otherwise stated