Q&As

Can I charge a contingency-based uplift on a high-value transaction, eg an uplift on the hourly rate or a percentage of value of transaction if the transaction completes?

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Published on: 31 August 2016
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Section 56(4) of the Solicitors Act 1974 (SA 1974) stipulates that in respect of non-contentious business, solicitors should be remunerated:

  1. •

    by a gross sum

  2. •

    by a fixed sum for each document prepared or perused, without regard to length

  3. •

    in any other mode, or

  4. •

    partly in one mode and partly in another

The Solicitors’ (Non-Contentious Business) remuneration Order 2009, SI 2009/1931, provides that a solicitor’s costs must be fair and reasonable, having regard to all the circumstances of the case. Regulation 3 specifically refers to:

  1. •

    the complexity of the matter or the difficulty or novelty of the questions raised

  2. •

    the

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Jurisdiction(s):
United Kingdom
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Key definition:
Remuneration definition
What does Remuneration mean?

In a defined benefit scheme, the amount of pension earned is invariably related to the amount of salary; HMRC calls this remuneration. So far as scheme rules or an employer's policy is concerned, it can include or exclude bonuses, commission and other fluctuating emoluments.

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