Tuesday, May 08, 2012

Sold Down the River barristers offer fixed-price divorces to wealthy

An innovative legal practice today launched a barrister-led fixed-price divorce service to get costs from wealthy couples.

Sold Down the River Law, which combines law firm Venal & Grabbit and chambers 1 Crooked Orifice Row, will offer the service, which it claims will guarantee the costs of divorce, for couples with assets worth more than £5,000,000.

The service is offered in four stages, with prices depending on whether a QC or junior barrister is instructed.

Prices start at £10,000 for an initial conference with a junior barrister to examine the merits of the case and develop a strategy. The first court appointment to decide how the case will proceed starts at £50,000, and the fee for financial dispute resolution hearing starts at £170,500. A bespoke fixed fee will then be quoted if the case goes to trial.

By appointing a barrister-led team to conduct the case from the outset, the firm says it can increase the cost of the traditional model.

Sold Down the River says it provides access to a team of barristers with experience in high profile divorces, including Quentin Pompous-Arse QC, who acted for Lucinda Tiara-Smythe in her divorce from a Saudi prince.

Sold Down the River Law’s chief executive, Edgar Venal, said that the practice had received a high number of calls from people with a lot of money. "There is clearly a requirement for this service amongst people with wealth. Unfortunately, the pressures of having such wealth can put strain on people's marriages," he said, "so we offer to reduce that wealth by a clear, transparent fixed-fee."

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Riverview barristers offer fixed-price divorces to wealthy - Law Society Gazette, 8th May 2012.

(See also this post.)

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