In saying this, you must read the no win no fee agreement through fully, as many law firms still place a large onus on the clients to pay their costs in certain situations.
At The Injury Lawyers, win or lose a claim, we do not charge our costs – i.e. the time we have spent on a case, to our clients, which is reflected in our genuine no win no fee agreement.
We are able to do this as we can recover our costs depending on the outcome of the case in 2 ways:
For a successful case:
If you win your claim, and thus are awarded compensation, we recover our costs from the other side to the claim. At The Injury Lawyers, we never deduct any money from our client’s compensation; so, not only do you not have to pay any costs, you also get 100% of your compensation. This is in stark contrast to many law firms who will tell you that they will take a percentage of your compensation for themselves.
A good place to check in a no win no fee agreement is whether your solicitors costs are restricted. Solicitors are not guaranteed to get back 100% of their costs on a case – therefore if their costs are not restricted to what they can recover, they may be able to come to you for the remainder.
For an unsuccessful claim:
At The Injury Lawyers, we are only take on claims that we feel have good prospects of winning, as we do not want to waste your time or our own time and money on a case we are not confident in. However, nothing in the law is guaranteed, so there are those cases which can be unsuccessful even if we believe otherwise from the start of the claim. In these situations, law firms should have insurance policies in place to cover any of their losses so clients are not billed for any costs.
So, in summary, you can see that you should not have to pay any of your solicitors costs win or lose your claim. You should get 100% of your compensation, and you should read the no win no fee agreement through thoroughly before agreeing to it.