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Ok. What I meant was barristers don't charge an hourly rate in the same way most solicitors do. There tends to be a fixed fee up front for a hearing or half day depending on the complexity of the matter, the amount of pre-reading involved and the seniority of counsel or in some cases, the fee may depend on how long it takes the barrister to do the work. For example according to this earlier post the going rate for an FDA in a normal money case was £350 - £500 + VAT.
Barristers do charge an hourly rate despite what is said above. It is normal to agree a fee the barrister's clerk prior to the hearing/conference etc based on the number of expected hours required.
Because barristers tend to charge a set rate they can work out being less expensive than a solicitor.
I actually thought that was quite low considering what my sols charge