There is a lot of information around at the moment regarding no win no fee agreements. This information is passed to us through television and radio advertisements. So you may think that you know what it means, but I can hazard a guess that if you read on you may find out some interesting points you did not know or even think to ask.
One of the questions many clients ask us is – ‘how do you get paid?’ Well if you win your case then our costs get paid by the other side and you get 100% of your compensation; and when I say all, I mean all. Compensation is meant to put you back in the position you would have been in had the accident never have happened – so if a solicitor took some of that, the whole argument for compensation would be nothing but a farce.
On the other hand, if you lost your claim (which we hope would not be the case as most firms only take a case on if we thought it had good prospects to succeed) we are able to claim back our losses from an insurance policy.
No win no fee does what it says on the tin doesn’t it? Well, I would say a universal yes, but this all depends on the type of no win no fee agreement that you sign. A no win no fee agreement is known as a Conditional Fee Agreement and this sets out all the terms of the law firms no win no fee policy. It goes without saying that before you sign anything you should always read the document thoroughly. At The Injury Lawyers we are always amazed at some of the sorts of Conditional Fee Agreements other people have signed before deciding to transfer their case to us. Some of these agreements place a large amount of onus on the client, in some situations, to pay their costs. Solicitors costs is the amount of time your case has been worked on converted into a monetary value. Therefore, even though these documents may seem long and laborious to read, please do so thoroughly – as it could save you a lot of time, angst, and money further on down the line.
At The Injury Lawyers we work on a genuine no win no fee basis. You are never charged: ever!
