There are a lot of horror stories out there about 100% compensation turning into a “nightmare” as solicitors come after the case and take all the compensation away to cover their fees.
However, this is far from the truth here at The injury lawyers, as we GUARANTEE you 100% of your compensation and there is a reason why we can do this.
The standard conditional fee agreement (The No Win No Fee) states that a solicitor will seek to recover fees from the other side. This all seems well and good, but the word seek leaves you open to the possibility that if they have trouble recovering fees from the other side, they are able to come to you for the shortfall. So say the solicitors costs are £5000.00 and the other side agree to pay £3000.00m the shortfall of £2000.00 may have to be covered by yourself. Of course, many reputable solicitors may not do this – however there is always the possibility that they CAN. Many solicitors hold this power to charge you.
Our No Win No Fee agreement means that our fees are limited to what we recover from the other side. This slight change in wording removes the possibility of us coming to you for any shortfall as it is there in black and white that we can’t. So in the above example; we would not be able to come to you for the £2000.00 shortfall and therefore you would keep every penny of the compensation you are awarded.
Many people often ask “But how can you take this case on and not get paid?”- It’s simple- we do get paid (after all we are a business) but you are not the one that does the paying- the defendant is! So although it is touching that people worry about us doing a lot of hard at work for no pay, there is no need to be – you get 100% compensation and we then our costs department goes into negotiations with the other side.
But what about any administration fees or start up costs?
Another very common question – there are none of these at all. Any disbursements (so money that we have to pay outright for documentation such as medical records) are recorded on our system and then again recovered from the other side or recovered by insurance if anything with the claim goes south.
So as you can see it really is 100% compensation here at The Injury Lawyers, no hidden fees and definitely no coming to you after the case has finished to cover our costs.
