What Are Solicitors' Costs?
Solicitors' costs are sums paid for legal services and include solicitors’ fees and charges, disbursements, expenses, remuneration and any additional liability incurred under a funding arrangement. The costs cover all lawyers, such as barristers, as the solicitor is the gatekeeper for other professionals on a case to be paid.
Solicitors sometimes call their charges "profit costs", because they include a profit element. The basis for their charges can be time (i.e. an hourly rate), a percentage basis (i.e. a percentage of damages received), capped or fixed. The costs which are payable are calculated according to the contract, also known as the retainer. This forms the fundamental basis of all solicitors' costs.