It is the amount of money payable per hour, per fee-earner - if our client chooses to instruct us on the ‘hourly rate’ basis.
Where our work is being carried out on an hourly rate, time is recorded in increments of 6 minutes (i.e. there are 10 units per hour) and this is standard for the legal profession in England and Wales. For example, where the invoice says ‘0.3’, this means 3 units, or 12-18 minutes.
Of course, at the outset, we do endeavour to give our clients a complete and transparent pricing list per fee-earner working on the matter, and, given the complexity, likely length of time it will take to complete the work, an estimate of the likely costs to be incurred in that particular case.
A consultation will be necessary for us to advise whether the hourly rate structure is most appropriate for your matter. You can arrange a consultation with us here.
Alternatively you can contact us by email on email@example.com or call us on +44 0203 059 7935 to discuss your particular requirements.