Litigation is an expensive business!
With effect 9 March 2015, litigation became a good deal more expensive. From that date, the fee to issue proceedings for the recovery of money claims worth £10,000 or more is five per cent of the value of the claim capped at a maximum fee of £10,000. A claim with a £20,000 value saw the fee increasing by 64% from £610 to £1,000 whilst a claim with a £190,000 value saw the fee increasing by 622% from £1,315 to £9,500. Claims having a value of £200,000 or more will incur the maximum fee of £10,000.