This is the response I received from the Ministry of Justice following a Freedom of Information request I made concerning the number of claims issued by Restons and the firm I worked for, Weightmans:
|Year||2002 / 2003||2003 / 2004||2004 / 2005||2005 / 2006||2006 / 2007||2007 / 2008||2008 / 2009||2009 / 2010|
|Claims issued by Restons||2733||3369||3460||5761||9004||6757||6511||8992|
|Claims issued by Weightmans||2362||1137||2307||1646||2981||2373||17475||14821|
Restons had other clients but for the year 2006/2007 Weightmans, which didn’t, issued 2,981 claims on behalf of HSBC (HFC). This firm said in Chambers legal directory for the same period that they only issued proceedings in 20% of cases. This means they were instructed in 14,905 cases. At an average collection charge of £1,500 that means that £22,357,500 in illegal charges was added in that year. I know Restons were instructed in a similar number of cases because the bank said they wanted to compare us “apples for apples”, so £44,715,000 in illegal charges were added in the period 2006/7. The figures increased in following years.