By law, your solicitor must give you information about the money you must pay for legal charges for their services. The law that deals with this matter is Section 68, Solicitors (Amendment) Act 1994.
When you instruct a solicitor to carry out work for you, your solicitor is obliged by law to give you information in writing about the legal charges you will incur.
The information you will be given will be as follows:
• the solicitor’s actual charges, or, where this is not possible or practicable,
• an estimate of the solicitor’s charges, or, where this is not possible or practicable,
• the basis on which the solicitor’s charges are to be made.
In broad terms, solicitors’ fees are charged with reference to the following criteria:
• how complicated, urgent and important your matter or case is
• the skill, specialised knowledge and responsibility of your solicitor and staff involved
• the number of hours your solicitor and staff spend on your matter or case
• the number and importance of documents we prepare or examine
• the value of any transaction that might be involved
• whether someone from your solicitor’s legal team has to travel to deal with the matter; and
• the circumstances in which the matter or case is to be dealt with.
For more information about how charges for legal services are incurred, see the Law Society’s Legal Charges Guide.
Most clients naturally want to part with as little money as possible when it comes to conveyancing. After all, they have their savings pot mentally earmarked for soft furnishings or a flat screen TV in their new dream home. It is not surprising then that most homebuyers consider it a job well done by their solicitor if the sale goes through smoothly and they move into their new home quickly.
The conveyancing sector has become extremely competitive. Competition is good, particularly in a market for identical products. All things being equal, if a Sony TV is €500 in one shop and €400 in another, consumers will opt for the shop with the cheaper price because they can be sure there is no difference in the product being offered. It is impossible to compare conveyancing quotes on that basis since there can be such disparity in levels of service, experience, expertise and client care.
When it is a conveyancing service that is being bought then the risk is massive – clients could get lumbered with a wide range of financially crippling problems, or see their sale fall through.
“Quality means doing it right when no one is looking.” ― Henry Ford
By choosing a quality, experienced solicitor you are unlikely to get the cheapest quote, but what you will get is peace of mind that the job will be done properly. No problems, no comeback, no fuss – and that represents better value than anything the cut-price conveyancers can offer.
If you would like us to assist you, or if you would simply like to have a chat to discuss your options, please don’t hesitate to contact us.