ChatterBank1 min ago
Solicitors And Claims
How much does a solicitor receive for a £200,000 settled claim in Northern Ireland?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Although some solicitors work on a commission basis (especially if they're employed on a 'no win, no fee' basis), many others simply charge for their time.
In the latter case, a solicitor's fee might be quite low if he/she has only had to write one letter, threatening legal action, before the debtor pays up. However if he/she has hand to spend hours looking up relevant precedents and then submitting them to the debtor's solicitor (only to receive back counter arguments), examining and analysing documents such as contracts and invoices, submitting documents to the court and then appearing there in person, (etc, etc), his/her fees could be vastly more.
In the latter case, a solicitor's fee might be quite low if he/she has only had to write one letter, threatening legal action, before the debtor pays up. However if he/she has hand to spend hours looking up relevant precedents and then submitting them to the debtor's solicitor (only to receive back counter arguments), examining and analysing documents such as contracts and invoices, submitting documents to the court and then appearing there in person, (etc, etc), his/her fees could be vastly more.
If the claim was settled in court, the court will normally have specified a time period within which the debt should be settled (which is often 14 days if the court has ruled that there should be a single payment, rather than separate staged ones). After that time, the creditor can return to court to seek enforcement action.
If the claim was settled out of court, then (unless the settlement specifically stated a time frame for repayment) there's no set period for repayment. If the creditor hasn't received payment within a period that's reasonable under the circumstances (which I would suggest is likely to be considerably less than 9 weeks), he/she can write to the debtor with a demand for payment within a specified period of time from that demand (such as 7 days). The demand should clearly state that, if payment is not received within the specified period, a court order for payment will then be sought.
If the claim was settled out of court, then (unless the settlement specifically stated a time frame for repayment) there's no set period for repayment. If the creditor hasn't received payment within a period that's reasonable under the circumstances (which I would suggest is likely to be considerably less than 9 weeks), he/she can write to the debtor with a demand for payment within a specified period of time from that demand (such as 7 days). The demand should clearly state that, if payment is not received within the specified period, a court order for payment will then be sought.