header-logo header-logo

Fees uplift as guideline hourly rates rise

08 January 2025
Issue: 8099 / Categories: Legal News , Profession , Fees
printer mail-detail
Commercial and corporate fee earners in London with more than eight years’ experience are valued at £566 per hour, following an uplift to the solicitors’ guideline hourly rates.

The rise, applicable from this month, pushes the rate up £20 from last year for band one, while their colleagues with equivalent experience in the City and central London receive £413 (£398), in outer London receive £312 (£301), in national band one receive £288 (£278), and in national band two receive £282 (£272).

At the other end of the spectrum, trainee solicitors and paralegals receive £205 in band one and £139 in band five.

Sir Geoffrey Vos, Master of the Rolls, said he requested the Civil Justice Council take ‘a strategic and holistic look at costs, particularly given the ongoing transformation of civil justice into a digital justice system’, in 2022.

Last year, the rates were increased by 6.66% using the service producer price inflation (SPPI). This year, using more recent SPPI figures, the rates have risen 3.65%.

Issue: 8099 / Categories: Legal News , Profession , Fees
printer mail-details

MOVERS & SHAKERS

Freeths—Ruth Clare

Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS
Conveyancing lawyers have enjoyed a rapid win after campaigning against UK Finance’s decision to charge for access to the Mortgage Lenders’ Handbook
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The dangers of uncritical artificial intelligence (AI) use in legal practice are no longer hypothetical. In this week's NLJ, Dr Charanjit Singh of Holborn Chambers examines cases where lawyers relied on ‘hallucinated’ citations — entirely fictitious authorities generated by AI tools
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
back-to-top-scroll