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Chancery Lane Engagement Terms Pricing
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Schedule 2 · Bases of charge

How we charge

Three bases are available. Whichever is selected applies to the whole matter and cannot be varied mid-engagement except under clause 4.2.

2.1

Hourly

Charged at the rates in Appendix A, recorded in six minute units, billed monthly in arrears. Suits matters whose scope cannot be settled in advance.

  • Rates reviewed once annually
  • Estimates given but not capped
  • Disbursements at cost
2.2

Fixed fee per instrument

A single sum per instrument drafted, negotiated and executed, agreed before work begins. Suits repeat work of settled scope.

  • Two rounds of amendment included
  • Third and subsequent rounds hourly
  • Disbursements at cost
2.3

Retainer

A monthly sum covering an agreed volume, with an hourly rate applying above it. Suits a continuing relationship with predictable throughput.

  • Twelve month minimum
  • Unused volume does not carry forward
  • Reviewed at six months
Assumptions

All figures exclude VAT and disbursements. The fixed fee assumes English law, two parties, and no third-party consents. Where those assumptions do not hold, clause 2.4 applies and we will tell you before the work is done, not after.