Business Law, Insolvency and Debt Collection form the mainstream of the Firm's Practice although practice also is untertaken in other areas of law.
We offer comprehensive legal services with a business like approach while having a friendly emphasis. The emphasis is on providing flexible realistic outcomes which are practical and above all cost effective for clients.
We act and advise specifically with respect to debt collection and insolvency for a number of companies. These include the leading supplier and retailer in Australia in the Audio, sound and Disc Jockey (DJ) industry and a large group of IT Service and IT Recruitment Companies with offices and outlets throughout Australia. These are long standing relationships of seven years and two years standing respectively.
As such this firm has extensive experience in the areas of practice required by any Client who requires comprehensive debt collection and insolvency services including;
Debt Recovery in the Local, District and Supreme Courts
Commercial Law and Litigation including Trade Practices
Insolvency and Bankruptcy
Commercial Negotiation and dispute resolution.
1. Specific Practitioners.
This firm has individual Solicitors who are experienced in the above areas. These Legal Practitioners as well as having specifically relevant experience also in some case have language and other skills which can be utilized specifically for particular classes of debtors with particular ethnic and language backgrounds. For instance Greek or Mandarin speaking practitioners may be assigned to deal with those target groups. The firm also has Arabic Speaking and Russian Speaking Liaison officers.
In addition the Firm has access to and regularly utilizes a small panel of specialist Barristers where and when this is necessary in large litigation matters, although their use is strictly controlled to avoid the unnecessary accumulation of costs to clients.
2. Engagement and Costs
Our Legal Practitioners provide advice on accessible direct basis often by telephone and often after hours across a broad range of Debt collection, commercial and contractual matters. The Firm already undertakes high volume debt collection related work.
Where possible, especially for straightforward debt collection type work the above $150.00 per hour rate is adhered to even when the Principal Practitioner is involved with actual carriage of the matter.
“No Win No Pay” – Conditional Fees in Specific Agreed Matters
In specifically agreed cases with clients, the firm often commences matters on separate “No win No Pay” basis. For instance in NSW this means that clients only pay professional fees (and disbursements) at a rate of $190-00 + GST with a loading of 25% as is permitted by law in that State. In other words clients only pay disbursements such as Court filing fees and process service in advance for such matters.
“In House” Placement of Legal Professionals
In addition to the above, where specific projects of clients require it, the Firm has Legal Practitioners who can be placed with clients in their offices on an “In House” or “Out Source” basis where clients only pay such placed Consultants on their own agreed internal employed Corporate Solicitor Rate. Rates can be as low as $300.00 to $400 per day for such placed Consultants depending on the type of work or the quality and experience of the Consultant required. Such placements can be arranged on a temporary or permanent basis.
A negotiated reduced rate is also available where a clients in house Corporate staff undertake a lot of administrative/clerical correspondence type tasks(including letters of demand drafting/swearing Affidavits service and filing of Court documents by way of example). Such a special rate is also available if a client provides its own office, telephone, Facsimile and clerical Facilities.
Recovery of Costs
Where possible the Firm endeavours to recover legal costs and disbursements incurred by clients. Generally when a Claimant or Plaintiff succeeds in a matter they are entitled to recover approximately 2/3 of their legal costs and all their disbursements.
On occasion the Courts will allow application to be made for indemnity costs. (i.e. recovery of all or actual costs) Where this is possible the Firm always makes such application(s).
Costs Agreement(s), Invoices and payments.
For Volume Debt collection matters it is envisaged that one Standard Retainer costs agreement be entered into. A copy of such Costs Agreement in NSW is attached to this Proposal by way of example.
For specific large litigation matters Separate costs agreements will be or may be required.
We will provide itemized and detailed Memorandums of costs and disbursements (Tax Invoices) for each matter. The format of such Tax Invoices/Memorandums of Costs etc can be tailored to meet the specific needs of clients. Most of our clients agree to Fortnightly payment of Professional Fees due although 30 day invoices are available at the specific written request of clients.
Barristers/Counsels Fees
Barristers/Counsel are not retained without the written consent of the client. Very often to the clients benefit when Barristers are required, then a costs agreement can be entered into directly between client and Barrister with the benefit of some cost savings to clients. It is a condition of such agreements that Clients have direct consultation and telephone access with such Barristers. In this case clients may also directly pay such Barristers without the intervention of our office.
For matters that may require appearances Inter State in Court, significant costs saving can be made with Counsel as Solicitors in Sydney can Brief and Provide instructions and Barristers can be instructed Inter State in appropriate matters without the double cost of Solicitor and Barrister arising or the incurring of travel costs by legal practitioners.
A Schedule of Estimated Costs for particular matters appears in the Attached Schedule. This is not an Exhaustive list.