Legal Notices and Pricing
GENERAL
“Hanover Bond Law” is the trading name used in the UK by Hanover Bond Law Limited and, in Italy, by HBL Legal Services Ltd. Hanover Bond Law Limited, HBL Legal Services Ltd and each of the individuals mentioned below are their own separate legal practice in the respective jurisdiction. The terms “Hanover Bond Law” or the “firm” refer to either of the legal practices referred to above. Any reference to “office” means the local legal practice. Any reference to a “partner” means a partner, member, consultant, or employee with equivalent standing and qualifications in at least one local legal practice. The use of the word “partner” should not be construed to mean that any partnership exists between the members of each individual local practice or between the local legal practices.
Hanover Bond Law Limited is a company limited by shares registered in the United Kingdom (company number 09139161 – registered address in Bridge House, 181 Queen Victoria Street, London EC4V 4EG and it is authorised and regulated by the Solicitors Regulation Authority (SRA ID: 628904) and is subject to the Solicitors’ Code of Conduct, which can be found at: https://www.sra.org.uk/solicitors/handbook/code/content.page
Mr Edward Parladorio, an English solicitor, is the director of Hanover Bond Law Limited and its Managing Partner.
Hanover Bond Law Limited is not authorised by the Financial Conduct Authority. The Law Society is a designated professional body for the purposes of the Financial Services and Markets Act 2000, but responsibility for regulation has been separated from the Law Society’s representative functions. The Solicitors Regulation Authority is the independent regulatory body of the Law Society. The Office for Legal Complaints set up the Legal Ombudsman as the independent complaints handling body for service complaints about solicitors.
Mr Luca Salerno is an avvocato (the Italian equivalent of an English solicitor) and he is enrolled at the Ordine degli Avvocati di Milano. Mr Salerno is also a solicitor of the Senior Courts of England and Wales and practices in that capacity at Hanover Bond Law Limited.
PRICING
At Hanover Bond Law we undertake, as part of wider commercial litigation practise, work that can be classed as “debt recovery” under relevant SRA rules.
At Hanover Bond Law we do not undertake work in respect of monetary claims worth less than £10,000.
Our standard debt recovery charges set out below are on a fixed costs basis except for instalment monitoring and defended/complex actions that required a more tailored approach.
Where the debtor is based outside of England and Wales the dispute is complex. Our charges and disbursements (including Court fees) will be payable whether or not they can be recovered from the debtor.
Fees in respect of complex/defended actions
| Defended/Complex Actions | |||
| Our charge excluding VAT (VAT is payable at 20%) | Hearing Fee (VAT is not payable) | Agent’s Fee (VAT is payable at 20%) | |
| Fast Track | £619 | From £1,342 plus VAT | |
| Multi Track | £1,175 | From £3,303 plus VA | |
Where hourly rates are charged, they will vary depending upon who is involved in carrying out the work:
| Status | Hourly rate excluding VAT (VAT is payable at 20%) |
| Partner | £550.00 |
| Senior Associate | £425.00 |
| Associate | £350.00 |
| Trainee/Paralegal | £195.00 |
Where a charge is recoverable from the debtor, we will endeavour to seek payment of that charge as well as interest on the debt.
Please note that the fees outlined below only apply to debt recovery work and not to more complex business disputes.
Our fees in respect of debt recovery work that does not involve disputed/complex claims
Pre-litigation fees
For new clients, we charge a one-off, new client set-up fee of £75 + VAT at 20%.
For each case then sent to us, we charge a fixed fee proportionate to the debt amount than listed below. In most cases our fee is recoverable from the debtor. In some cases, if we believe a case is sufficiently complex or will require additional work, we will apply a higher fee. If this applies, we will explain our reasons and agree this with you beforehand.
Pre-legal action
| Pre-legal action | |
| Debt value | Our charge (plus VAT) |
| £10,000+ | £265 |
We charge a fixed pre-litigation fee depending on the value and complexity of the case(s).The fee will always be agreed with you before action is taken.
The pre-litigation fee includes our pre-action protocol compliant letter, pre-legal discussions and advising you of responses received.
Wherever possible, we will claim interest on the debt and late payment compensation on your behalf.
Legal action
We charge fixed fees proportionate to the debt amount. If a defence is received, we will provide a time-based fee estimate (see hourly rates below).
Court Fees are subject to change from time to time. The Court fees stated in the tables below are correct as of 8 April 2025.
Our typical charges for legal action are below. If a claim, judgment application, enforcement or insolvency action is particularly complex and we are required to revise our charges from the amounts below we will agree these with you in advance.
| On issuing a claim | ||
| Debt value | Our charge excluding VAT. (VAT is payable at 20%) | Court fee (VAT not payable) |
| £10,000 – £199,999 | £888 | 5% of the claim |
| £200,000+ | £888 | £10,000 |
| On requesting judgment our charge excluding VAT (VAT is payable at 20%) | ||||
| Debt value (including costs and interest claimed) | Default of acknowledgement | Default of defence | Admission; proposal accepted | Admission; proposal rejected |
| £10,000+ | £55 | £63 | £99 | £126 |
Enforcement action
Enforcement action may be required to recover an outstanding debt after Judgment. If it is, we will advise you on the most appropriate method of enforcement and the costs that will apply
We are unable to provide a timescale on enforcement action as this will depend on many factors including the Court’s caseload and the debtor’s circumstances.
| Enforcement options | |||
| Action | Our charge excluding VAT (VAT is payable at 20%) | Court fee (VAT not payable) | Other disbursements |
| Warrant of Control (instructing a County Court Bailiff) | £69 | £141 | |
| Writ of Control (over £600) (instructing a High Court Enforcement Officer (HCEO)) | £310 | £117 | Abortive Fee: £75 plus VAT payable to the HCEO if they are unable to recover. |
| Attachment of Earnings | £207 | £202 | |
| Third Party Debt Order | £310 | £202 | Agent’s fees for attendance at hearing (usually £110 plus VAT). |
| Information Order | £310 | £100 | Process Server’s Fee (usually £90 plus VAT). Oath Fee: £7.00 (VAT not payable) Agent’s fees for attendance at hearing (usually £110 plus VAT). |
| Additional hearing fee Information Order | £35 | N/A | |
| Charging Order | £373 | £202 | £40 Land Registration Fee per property (VAT not payable). |
Miscellaneous action
The above charges list our standard fees for debt recovery. There are some situations where action may not follow the standard process and additional work may be needed. Where possible, we will offer you a fixed fee for this. It is not possible to provide an exhaustive list of the situations which can arise, but the list below covers some of the most common.
| Miscellaneous action (if required) | |||
| Action | Our charge excluding VAT (VAT is payable at 20%) | Court fee (VAT not payable) | Other disbursements |
| Review of any defence filed | Minimum review charge of £155, TBC dependant upon complexity | ||
| Solicitor service of proceedings | £60 | ||
| Telephone mediation | £155 | ||
| Tomlin order | £259 | £123 | |
| Objection to strike off | £60 | ||
| Application to transfer to Scotland | £264 + £77 | £119 | You will be responsible for the fees and costs of the relevant agent. |
| Liaising with agents outside of jurisdiction | £23 per letter / email | ||
| Instructing trace agent | £57 including trace agents fee if for standard trace, £85 including trace agents fee if for residential and employment trace | Agent’s fee | |
| Land Registry search (England & Wales) | £10 per search | ||
| Land Registry Fee (Charging Order) | £40 | ||
| Land Registry search (Scotland) | £17 per search | ||
| Instalment monitoring | 10% of each instalment plus VAT. | ||
| High Court Enforcement Officer (HCEO) payments | 8% of the payment received plus VAT. | ||
| General application (by consent / without notice) | £60 | £123 | |
| General application (on notice) | Fee quoted on a case by case basis | £313 | |
| Insolvency action | |||
| Action | Our charge excluding VAT (VAT is payable at 20%) | Other disbursements (VAT at 20% if payable) | Court fee (VAT not payable) |
| Statutory Demand | £310 | Process server’s fee from £85 plus VAT | |
| Preparation of Bankruptcy Petition (if debtor is an individual) | £516 | Plus Hearing Agent fee from £100 plus VAT | |
| Company Search Fee | £42 plus VAT | ||
| Preparation of Winding Up Petition (if debtor is a company / partnership) | £774 | Plus Hearing Agent fee from £100 plus VAT | |
| Court fee for Insolvency Action | £343 | ||
| Official Receiver’s Deposit – Bankruptcy (if debtor is an individual) | £1,500 | ||
| Official Receiver’s Deposit – Winding Up (if debtor is a company / partnership) | £2,600 | ||
| London Gazette fee (Winding Up only) (if debtor is a company / partnership) | London Gazette fee: £80 | ||
| Attendance at Bankruptcy hearings (per hearing) | From £207 | ||
| Attendance at Winding Up Petition hearings (per hearing) | From £310 | ||
| Administration fee for refund of Official Receiver’s Deposit | £108 | ||
VAT & disbursements
Our fees and some disbursements are subject to VAT at 20%.
Our fixed fees are reviewed annually. The amount of the increase will be equal to the Retail Price Index at that time (as published by the Office of National Statistics or any successor or replacement government department) or 5%, whichever is lower. Fixed fees are rounded up to the nearest £1.