Sintons introduce new Debt Recovery pricing structure
The team is now operating a ‘no recovery, no fee’ service for its Letter Before Action, the initial letter of demand to the debtor, which removes any financial risk to the client for early-stage instructions.
Sintons, rated as one of the leading debt recovery teams in the North of England, has removed the fixed fees which were previously charged for this service in response to the widespread and growing issues of debt faced by so many people, particularly in light of the ongoing impact of COVID-19.
The law firm has introduced a number of support measures for businesses throughout the pandemic, to help them negotiate the unprecedented times which have caused financial hardship for so many, and its new debt pricing approach extends that even further.
Allison Thompson, head of the debt recovery team at Sintons, said: “Having worked with significant numbers of businesses and individuals over the past few months, we are well aware of the fact debts are on the rise, but resources are tight, so it may be that people feel they cannot pursue what they are entitled to. By removing our initial fixed fees and replacing them with a ‘no recovery, no fee’ model, we hope that those who are owed money can now proceed, confident there will be no financial risk to them for the Letter Before Action to be sent.
“As one of the most highly rated debt teams in the region, our experience and expertise is well known, and our standards of client service for each and every case we deal with are unrivalled. We as a firm are committed to supporting the business community in every way we can, particularly during these very difficult times, and we will continue to find new ways in which we can provide solutions to the issues we know people are facing.”