I'm with Gaius. Helen's done something like this before although if I recall she didn't actually charge £10 entry before. And don't forget this:
There is no charge for the submission process to you or the agent; we however, receive a one-off 10% commission of the worldwide deal (based on a no win/no fee basis) if you get a publishing deal as a result of us passing you through. |
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You have to look on a different page at Cornerstones to see that.
So, yes, no cost to Cornerstones and the chance to rake in 10% of the author's advance. Note there is no promise of agent representation - 'potentially'; well, yes, quite.
It shouldn't need spelling out but if you have a publishable ms, then an agent will be keen to represent it; indeed, a publisher probably will too. Helen is not adding any value at all here. Instead, you will be paying 15% to the agent plus another 10% of your advance to Helen: 25% in total.
This kind of thing give editorial reports a bad name. Agencies should be selling their skills in helping you shape a ms, not become another link in the chain of taking cash off the writer's publishing contract.
Also, think about what a 'panel of agents' means. What it really means is your ms is only going to be shown to a small number of agents, the ones Helen knows. But why be restricted like this: why not simply send your ms to agents you want to work with? Helen's intervention is going to make no difference at all (which is why she's not promising anything).
<Added>Sorry, Gaius, I just noticed you spotted the 10% clause, too.
[Edited by david bruce at 19:05:00 on 28 January 2013
Reason: Legal