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Fee Schemes Recovery

It goes without saying that legal fees are a real source of concern for the marine insurance community, which is why we are keen to offer, not only transparent and competitive hourly rates, but also other charging methods which mean that our fees are directly linked to the success we bring to your business.

For traditional hourly rate work, our ‎Partners are charged out at between £295 and £345 per hour, depending on work type. It is also our policy to agree ‘milestone’ budgets with you, so that you know how much each stage of the litigation process will cost.

For Recovery matters we offer ‘No Win No Fee’ terms, whereby an agreed percentage fee is raised only when we have successfully recovered money for you. In that way, we - not you - take the financial risk of there being no recovery.

In Salvage Defence cases, we are truly ground-breaking. As an alternative to hourly rates, costs can be based on a percentage of the value of the salved cargo or the salvage security, dispensing with inconvenient interim bills, enabling underwriters to reserve accurately and avoiding legal fees which are out of kilter with the value of the property at risk.

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