Cost-Effective Debt Recovery: How Lovetts Has Led the Way for 30 Years
A recent Law Gazette article reveals what many clients already know: law firms that offer fixed fees tend to cost significantly less than Solicitors that rely on traditional fee estimates and charge hourly rates.
After 30 years of offering transparent, fixed-fee debt recovery services, Lovetts Solicitors has been demonstrating this value to businesses long before it became a regulatory talking point.
Why Fixed Fees Matter
- Clarity & Certainty: Our standard £1.50 + VAT charge for a Letter Before Action (LBA) by email lets clients act quickly and with confidence — knowing exactly what they’ll pay from the very start.
- Fast Action: we can send an LBA or issue Court proceedings the same day, if we receive instructions before 2pm.
Then vs Now: Why Statistics Back Our Approach
The Legal Services Board’s findings confirm what we’ve known for decades: clients prefer certainty. Fixed-fee arrangements remove the guesswork and the stress usually tied to traditional legal billing.
For businesses tackling debt, this means they can issue letters and issue Court proceedings confidently, without worrying that costs will spiral. On average, clients will spend as little as 2p for every £1 of debt collected.
What This Means for You
If you are responsible for debt recovery or credit control, fixed fees provide a reliable path forward. You can take decisive action knowing:
- Costs are fixed and will not change
- The process is clear and transparent thanks to our Casemanager portal
- The debt recovery service is fast and reliable
Looking Ahead
For three decades, Lovetts has been committed to this ethos — quick action, clear communication, and fixed costs. The latest Legal Services Board survey only reinforces the client-first approach we have taken for the past 30 years.
Interested in learning more?
If you would like to see how fixed-fee debt recovery can work for your business, speak to our team or explore our pricing structure for full transparency.