How we charge in Bankruptcy & Insolvency matters:

One of the biggest fears people have when it comes to seeing a lawyer is cost. As a consequence, many people choose to avail themselves of professional legal assistance, leading into much more complicated and costly situations in the end.  

We can understand that people in situations of potential Bankruptcy or Insolvency situations can feel trapped – like there is nobody there to help – like they can’t afford professional legal advice.  As a direct answer to the general concern regarding solicitors’ costs, we do our best to ensure that our clients are well aware, from the outset, of what fees they can expect to pay. We also focus on providing cost effective Bankruptcy and Insolvency Law solutions by offering three types of costing:

Fixed fee – We try to offer as much of our services at a fixed fee.  Our fixed fees are based on the complexity of the services we are required to provide. The advantage of fixed fees is the commercial certainty that it provides our clients, which aids them in their budgeting. Transparency is just as important to us as it is to our clients.

Hourly Rate -  We charge on an hourly basis in matters where it is difficult to predict the amount of time the work will take.  We will charge on hourly rate basis of $ 350.00 plus GST for work performed by a Solicitor, $ 370.00 plus GST for more complicated work performed by an Associate Solicitor or Senior Solicitor and $ 390.00 plus GST for any direct strategic direction and oversight work that may be carried out by our Legal Practitioner Director.  All legal staff junior to Solicitors are charged out at rates lower than this, depending on their experience and the type of work they are performing on your matter. Where we are charging on an hourly rate basis, we have a policy of having each task performed by the least expensive person with the requisite experience and where appropriate - this ensures cost effectiveness for our clients. We recognise that the most prevalent problem with charging at hourly rates is a lack of transparency. That is why we ensure that our clients are provided with an estimate of costs, up-front, in writing, prior to commencing the work. We also give our clients the opportunity to question and negotiate our costs. 

Staged billing – Staged billing is a milestone-based costing regime that sets a certain fee payable for each stage of the process. Similar to fixed fees, staged billing is a transparent costing system, where you will know exactly what you are paying and how much you will be paying, at each stage of your matter. We do our best to dissect the matter into stages.  In our discretion, we offer staged billing in some complicated and protracted matters. 

By having three different types of Fee Structures, our clients rest assured knowing that they will not be hit with an unexpected invoice at the conclusion of their matter. It is important to us that our clients understand how we charge.

This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Legal Advice. It does not take into account your objectives, your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.