The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
It is a sign of these cost- conscious times that Barnards Inn Chambers has no fewer than five different fee structures for solicitors to choose from.
Why the need for so many? Practice director Andrea Kennedy explains: "We want our clients to know that we are not going to hold them to ransom. Some chambers have been charging outrageous amounts. On the other hand, there are dangers in setting rates too low. We are not going to get involved in any Dutch auctions."
Under their traditional rates, a fixed sum representing the value of advocacy or written work is agreed in advance; or the work may be charged at a particular barrister's hourly rate.
Standard appearance, advisory and pleading rates are negotiable and may be discounted for volume work, especially where the client intends to tender for institutional or high turnover business.
Alternatively, where counsel is instructed for an entire action - including pleadings, interlocutory appearances and trial - an all-inclusive global fee can be negotiated.
To cover all eventualities, Barnards Inn also lists future rates, which cover "new and commercially-based fee structures," as and when professional rules permit.