The word ‘Remuneration’ means money paid for work or service. It comprises basic salary, bonuses, or economic benefits to the employee.
What is a remuneration certificate?
The Remuneration Certificate is a form the client fills out to request a bill from a solicitor to record his account’s legal costs. According to the law, if the client is unsatisfied with the expense, he can request a detailed accounting from his solicitor.
According to the law in the United Kingdom, if the client is dissatisfied with the charges, he may request a remuneration certificate. If he finds the bill’s costs are unfair, they can take the matter to the legal body. The final decision concerning the charge dispute lies in the hands of legal authority.
What is global remuneration professional certification?
Global remuneration professional certification is recognized globally as proof that the holder has achieved the knowledge and skills to manage rewards programs effectively and is genuinely dedicated to their profession.
Legal services are expensive. Usually, the bills at the end of the process frustrate clients. Different legal practitioners charge on an hourly basis. Since the charges are not transparent, they cause a dispute.
The client may feel overcharged for the services they didn’t sign up for. To overcome all these problems, The UK has passed a law to tackle unwanted issues.
According to the law, if the client is not satisfied with the expense, he can request a detailed accounting from his solicitor. An impartial third party reviews accurate accounting.
The process involves the client filling out a remuneration form where the solicitor mentions the client’s services.
The form is then sent to an impartial body, and the decision about whether the charges are fair is made.
For example, In the UK, these matters are looked upon by
Legal Complaint Service, and in Ireland, it is by the law society.
When can a client seek a remuneration certificate?
Clients generally have some period during which they must apply for the form to initiate this process. They may get 30 days from when they know about the right to request the certificate from their solicitor. If the client is unaware of this right, he has up to three months to seek the remuneration certificate from his solicitor from the time he received his bill.
The independent agency may then examine the matter before it’s taken to court. This review system is generally free and takes several months.
The independent agency will assess whether to reduce the bill’s cost. However, it has no authority to increase the charges in the bill.
If the client’s case goes to the court and the court reviews the remuneration certificate, then, in that case, the process is not free at all, and the requested party needs to pay the court fees. The solicitor has the right to charge interest on the outstanding payment. If the client feels like avoiding this, he can pay the bill, but he has to make clear in writing that the fees are subject to the remuneration certificate process. If the client pays the bill without making this condition clear, there is a chance that he may lose the right to request the review.
After leaving Wells Fargo Bank in 2014, Daniel began a career as a finance consultant, advising companies and individuals on economic policy, labor relations, and financial management.
At Promtfinance.com, Daniel writes about personal finance topics, value estimation, budgeting strategies, retirement planning, and portfolio diversification.
Read more on Daniel Smith's biography page.
Contact Daniel: daniel@promtfinance.com