No Win No Fee
What Is A No Win No Fee?
On this page we answer questions about No Win No Fee agreements (Conditional Fee Agreement).
A No Win No Fee agreement with your solicitor is often available for many personal injury cases, otherwise known as a Conditional Fee Agreement. A no win no fee agreement means your solicitor will only be paid if your claim is a success. Your solicitor will normally charge a success fee, in this case. Both basic fee and the success fee are usually paid partly or fully by the losing party in the case, i.e. whoever you are claiming against.
Are There Other Costs?
There may be other costs incurred, like court costs or costs involving the compilation of reports, experts and other investigations into your case, but often these will be paid by the losing party also. Such fees paid out to third parties like this are also known as disbursements. Your solicitor should fully explain the nature of any agreement and its fees, including a no win no fee, that you enter into.
Will I End Up Paying Nothing?
You could end up paying fees of the type that the losing party is not ordered to pay up by the courts.
If your claim fails under a no win no fee you will not have to pay your own solicitor but you will still probably have to pay the costs of the successful party – the other side.
Also, you will have to pay any other incurred costs: such as court fees or the fee for medical reports, known as disbursements. However, your solicitor will normally be able to arrange insurance in the event to cover this risk. This is known as after the event insurance and you may have to pay the insurance premium.
Why Enlist A Solicitor On A No Win No Fee?
Obviously it can save you money. Legal fees can be expensive. You may end up with an agreeable compensation package and minimal or no expenses. In effect, you could receive a form of cost effective help or guidance for your personal injury claim. Solicitors offer professional representation and legal advice. At the end of the day you may need that professional advice. Remember solicitors are tightly regulated and aim to offer a highly skilled service. Solicitors in England and Wales are regulated by the Solicitors Regulation Authority and they are bound by strict professional rules of conduct.
Is A No Win No Fee Agreement Usually Possible For Personal Injury Cases?
In many cases injury solicitors work on a no win no fee basis. A no win no fee personal injury specialist solicitor will advise you on all aspects of making a claim. At The Personal Injury Bureau we can help you find a no win-no fee personal injury solicitor if that is what you want. Remember, seeking compensation for injuries is a legal right.
