Transparent Pricing

Every law firm in Scotland regulated by The Law Society of Scotland is required to provide some indicative guidance in advance on their website, called transparent pricing, to consumers and private clients about the fees, outlays and costs which they may expect to incur in the areas of law on which they generally require advice, such as estate agency work, residential conveyancing, employment law, wills and family law matters.  

We are a corporate and business law practice, working for companies, businesses and organisations and so we do not seek to offer these areas of law to consumers or private clients.

However, Hood Corporate fully supports the principle that all clients should expect open and transparent pricing throughout and so we are happy to explain how we set about meeting that expectation with our business clients.

At the outset of any new piece of work or transaction, we will either quote you a fixed fee for your work or provide you with our relevant hourly rate(s) for the work. 

If we are not quoting you a fixed fee, then we will wherever possible provide you with an initial estimate of how long we think the work might take. In some circumstances (an example being more complex work) it may be difficult to estimate exactly how long the work will take.  

A legal case or transaction involving corporate or business law is very much like a fingerprint – no two jobs are quite the same, and the uniqueness of the work and the difficulties we encounter can make it difficult to estimate with accuracy how complex the work is likely to be, and how long it will take.

However, our overall approach will always be to seek to tailor the basis for calculating our fees to your particular circumstances and also make sure that you understand and agree that basis for feeing.

If there is ever any material change to what was agreed with you at the outset, then we will alert you to this change and talk through the cost implications. 

We will agree with you when the work will be billed, and the extent to which this will be in regular instalments, or alternatively when key parts of the work are completed. 

We routinely ask for a deposit to be held in our client account against anticipated fees and outlays.

Finally, our Letter of Engagement or the Specific Engagement section of our Terms of Business will always set out a detailed basis on which we shall charge you fees for your particular piece of work or transaction.