The big question! We’ve blogged about this a lot recently, so for those of you who are still in the dark, I have some good and bad news for you.
The Bad News
Let’s start with the bad news first. If you make a claim for personal injury compensation, law firms are likely going to take up to 25% of your compensation and ask you to pay an insurance premium for After The Event insurance. The reason for this is down to our wonderful government destroying years of access to justice and helping the insurers maintain their massive profit margins by stopping law firms recovering certain fees from the opponent.
For years now, people have been able to get 100% because their lawyer was entitled to recover all fees from the opponent. That’s fair right? Why should the innocent victim have to pay to claim? But in these critical political times, our government decided to stop lawyers recovering all fees resulting in the innocent victims being charged.
We don’t agree with it at all. It’s wrong! The insurance industry is extremely lucrative, so despite what the media tell you, changing the law on the recovery of fees is nothing to do with premiums.
So if you ring up a law firm, one of two things are likely to happen:
- They will tell you they will deduct 25% from your claim because they have no choice due to the change in the law. 25% is the maximum a lawyer can deduct for one of the unrecoverable fees called a Success Fee. So its settled as a “market rate“.
- They will skilfully negate to tell you that they are going to take up to a quarter of your compensation and sneakily put it in the paperwork and hope you don’t realise.
The impact is serious – if your claim is worth £10,000 you could lose a massive £2,500.
But we here at The Injury Lawyers decided to take drastic action. So now I will tell you the good news and hopefully rid you of that sinking feeling you may be getting in your stomach now you’ve learned how much money you could lose due to the change in the law.
The GOOD News
Actually, it isn’t good news – its GREAT news! For most accident types, like work accidents and public liability claims like slips and trips, The Injury Lawyers can uniquely still offer you a 100% compensation agreement. That means if you sign up with us today, our agreement can protect your right to keep every penny of the compensation that is owed to you.
So how can we do this when other lawyers can’t? It’s simple:
- We still get paid by the other side for our work; it’s just not as much as we used to get. So we are still getting paid.
- We’re happy to take the hit because we take on and win such a high volume of cases that the changes don’t really affect us.
- We only deal with claims for personal injury compensation so we have years of experience in being efficient.
There’s no catch – there are no upfront fees or hidden costs to mask the fact we are not taking a deduction. We back up our 100% compensation pledge in our paperwork as well. If your claim is settled for £10,000, you will receive £10,000. It is as simple as that.
Many clients who have signed up to our 100% agreement have told us that other law firms have suggested that its “impossible to offer 100%” or that “everyone is charging 25%” – neither of these statements is true. The thing is, we are a national firm and we think outside of the box.
So join the thousands of people keeping all 100% of their compensation now by calling 0800 634 75 75 today.
