Welcome to
 the future

The groundbreaking new way to calculate legal costs

Proportionate

Calculates legal fees relative to size of dispute

Certain

Clients and solicitors agree

on a fixed fee with incentives
Clear

Sophisticated management information to identify real value

Proportionate. Certain. Clear.

ClearCosts is a new initiative which allows clients to competitively tender for legal services using a secure online portal

ClearCosts secure interface is intuitive and user-friendly.

 

The Statistics

Data shows that although the fee per hour is going down, the fee per equity partner is going up. This suggests the current pricing method is inefficient.

Fees per chargeable hour

Fee per equity partner

Average utilisation hours

CHARGEABLE HOUR

The rate lawyers charge for their legal services peaked and began to fall in 2013. This gave the impression that the prices were becoming more proportionate for corporate buyers. 

EQUITY PARTNER

However, the amount earnt by equity partners in law firms actually rose after 2013. This shows that the current pricing structure is inadequate and lawyers are making more money by working longer. 
(data from PWC report for UK Top 10 firms)

How it works

ClearCosts enables clients to take control of their legal costs. This innovative new software provides a budgeting tool allowing clients to make fixed and incentivised proposals to law firms.

ClearCosts calculates a proportionate fee for each stage of a dispute. Users then engage 
via a secure interface which only those invited to tender can access.

CLEAR BUDGETING

Users cost out work using a budgeting tool to ensure that legal fees are proportionate to the sums in dispute.

MANAGEMENT INFORMATION

Management information is easily captured to assess law firm performance and provide users with with data.

PARTNERSHIP

The software enhances the client-solicitor relationship by ensuring clarity and certainty for fees – creating a true partnership

ADDS AN INCENTIVE

Lawyers are financially incentivised based on commercial outcome or time taken. 

Our Team

ClearCosts has been created by a team of Solicitors, Costs Lawyers  and Systems Designers in consultation with Insurers, Banks and Corporates.

Edward Strickland

Edward is a Costs Lawyer, costs advocate and Director of Thomas Legal Costs. He maintains a Client portfolio of some of the UK’s leading firms, as well as many corporate clients.  He has over 10 years’ experience in the field, 5 of which were spent as Finance Manager for specialist defence firm Byrne and Partners giving him a unique insight to the financial practicalities of managing a case cost effectively.




Richard Fisher

Richard is a Partner at law firm Temple Bright LLP.  He handles disputes relating to insurance, professional negligence, property and construction.  He has extensive experience of complex, high value claims and coverage issues in the London insurance market. Richard is dual qualified, having previously practised as a Chartered Surveyor. He is also a qualified Mediator who is familiar with all forms of dispute resolution including arbitration, adjudication, expert determination and mediation.

Oliver Kemmis

After obtaining a 1st Class degree at Leeds University, Oliver started his career with BT’s system integration arm – Syntegra. Oliver later set up Globility Limited in 2003 and since then has operated as an incubator for cutting edge communication solutions. Globility has partnered with firms delivering services including Unified Communications, Telephony Services, and Mobile Applications, amongst many others.


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