Fee for an 8 hour mediation: £1,000 per party*.
(*£695 per party where there are 3 parties, £525 per party where there are 4 parties.)
This fee includes 2 hours reading time, all pre mediation telephone discussions and correspondence, any follow up work should the parties not settle on the day of the mediation and all administration.
The fee remains payable if the Parties settle before the expiration of 8 hours in mediation.
Additional mediation time (after 8 hours): first hour, no charge; thereafter: £250 per hour.
Additional reading time (over and above the 2 hours mentioned above): £100 per hour.
Mediator’s travel expenses are capped at £100.
Mediator’s overnight expenses are capped at £125, and shall only be payable where the mediation proceeds beyond 7 pm and/or goes into a 2nd consecutive day.
Costs of venue/accommodation and refreshments etc are to be provided by the Parties.
The fees shall be increased by 25% if the amount in dispute exceeds £1m.
All fees are subject to VAT at the current rate.
Payment terms: the fees for an 8 hour mediation shall be invoiced in advance and payable 3 working days prior to the mediation. The balance of the fees shall be payable within 28 days after the date invoiced.
(If the fees are not paid prior to the commencement of the mediation the mediation will only proceed if the lawyers for all parties give professional undertakings that the fees will be paid within 28 days after the date invoiced.)
Cancellation terms: a fee of £500 shall be paid if the mediation is cancelled, unless cancellation takes place more than 7 days prior to the mediation in which case no fee is payable.
Mediation services provided by Tim Wallis are provided on behalf of, and you will be billed by, Expedite Resolution. Mediation service provided by Frances McCarthy are provided on behalf of, and will be billed by, Pattinson & Brewer
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