Anchored to UK statute. Last verified 25 October 2026. View source-of-record.

maduediligencechecklist.com

The UK M&A Due Diligence Checklist

What is published, and what is not

UK M&A due diligence fees


Direct answer

No UK law firm or transaction-services firm publishes a due diligence fee or rate card: every workstream is quoted per engagement. The nearest published UK figure is the court's solicitors' guideline hourly rates, effective 1 January 2026: £295 to £579 an hour for a Grade A solicitor (8+ years' experience), depending on location band. Those rates exist for the summary assessment of court costs, not as a price list for deal work, so use them as a reference point when you read a legal quote.

The honest way to budget diligence is to get a written quote per workstream, with the hours, grades and rates behind it, and add them up. The builder below does the adding; the table after it shows the published guideline rates by grade so you can sense-check the legal hourly rates you are quoted.


Budget builder

Diligence budget builder

Enter each quote you hold (or leave a workstream at zero if it is out of scope). The tool sums them and shows each workstream's share, ready for an IC paper.

WorkstreamQuote (£)Share
Legal due diligence-
Financial DD (FDD)-
Tax DD-
Commercial DD-
IT and cyber DD-
Environmental (Phase I)-
W&I premium (underwriter quote, if used)-
Adviser fees£0
Total incl. W&I£0

Nothing is pre-filled because no firm publishes its due diligence fees. Inputs stay in this browser tab.

Solicitors' guideline hourly rates (from 1 January 2026)

BandGrade AGrade BGrade CGrade D
London 1£579£393£305£210
London 2£422£327£276£157
London 3£319£262£209£146
National 1£295£247£201£142
National 2£288£247£200£142
  • Grade A: Solicitors and legal executives, 8+ years
  • Grade B: Solicitors and legal executives, 4+ years
  • Grade C: Other solicitors and legal executives
  • Grade D: Trainees, paralegals, other fee earners

Per hour, excluding VAT. Source: HM Courts & Tribunals Service, Solicitors' guideline hourly rates, checked 25 October 2026. These are guideline figures for assessing court costs, banded by where the firm is based; firms set their own transaction rates.

Who quotes each workstream

WorkstreamUsually quoted by
Legal due diligenceCorporate, contracts, litigation, IP; property and employment seats join as needed.Transaction solicitors
Financial DD (FDD)Quality of earnings, working capital and net debt.Transaction-services accountants
Tax DDCT, VAT, PAYE, employment-related securities and tax-deed scope.Transaction tax advisers
Commercial DDMarket, customers and plan; often done in-house by trade buyers.Strategy boutique or in-house
IT and cyber DDApplication inventory, cyber posture, pen-test review.Technology specialists
Environmental (Phase I)Phase I desk study on operational sites. Phase II intrusive work is quoted separately.Environmental consultants
W&I insuranceA premium on the limit of cover bought; not an adviser fee.Underwriter, via a broker

What moves the quote

  • Size and complexity of the target. More entities, sites, contracts and revenue lines mean more hours in every workstream.
  • Jurisdictions. Each additional tax residence or operating country adds local tax and legal review, often through the firm's network.
  • Regulated sector. FCA, CQC or Ofcom oversight brings a regulatory workstream and an approval timetable of its own.
  • Vendor co-operation. A disorganised data room and slow Q&A turnaround add hours, and a fixed quote will be repriced for them.
  • Carve-out vs trade sale. A carve-out needs stand-alone cost and separation analysis that a whole-company sale does not.
  • Grade mix and firm. Ask for hours by grade and the rate per grade; that is what makes two quotes comparable.

Reviewed by Oliver Wakefield-Smith, Founder, Digital SignetLast verified 21 June 2026

This page is anchored to UK primary legislation and named regulator guidance only. Not legal advice. Confirm position with your appointed adviser before signing.