If Financial Mediation takes 3 sessions, which is quite typical, a summary of your costs and expert fees is as follows:
Charging rate and cost estimate for financial mediation
The Mediator’s hourly rate for time spent in mediation and preparing documents is £280 plus vat divided equally between each client ie £140 phr plus vat each
Time estimate
Preparation time when mediator receives your financial documentation and prepares the Open financial summary spreadsheet and reviews the MIAM notes – 1.5 hours
1st mediation session- 2 hours in session plus 1.5 hours preparing outcome summary
2nd mediation session- 2 hours in session plus 1.5 hours preparing outcome summary
3rd mediation session- 2 hours in session plus 1.5 hours preparing outcome summary
Total mediator’s costs = 12 hours @ £280 divided equally. Therefore, £1680 plus vat each, a total of £2016 each incl vat
Financial Support Expert fees
Pensions on Divorce Report– approx £1000 incl vat each
Financial Neutral (depending on tasks carried out)- approx £1000 incl vat each
Financial Consent Order service– Approx £1000 incl vat
Summary
Therefore, for a typical financial mediated divorce with a pension report, support from a Financial Neutral and financial Consent Order
= £5000 incl vat per person
Note: For a similar outcome, using these experts, through a solicitor led process or other Non Court Dispute Resolution process you can expect to pay at least double this if not significantly more
We can keep your costs at this level if you work together well with the mediator and financial expert support team, using the divorce manual resources referred to you by your mediator making the most of our integrative team approach to problem solving