
No Win No Fee Solicitors: Our Guide
Finding the right law firm is essential. This is especially true if you are interested in making a compensation claim after an injury. According to research by the Law Society, 52% of people relied on family recommendations when finding a law firm. Furthermore, 36% of people thought their solicitor’s fees were not affordable
A ‘no win, no fee’ agreement, also known as a conditional fee agreement, is an arrangement between you and your personal injury solicitor. It means that if your compensation claim is unsuccessful, you will not have to pay a contingency fee for your lawyer’s services.
In a ‘no win, no fee’ agreement, your lawyer will take out an insurance policy on your behalf before starting your case to cover any costs incurred during the compensation claim. These costs could include court fees, medical reports, and other expenses. The person making the personal injury compensation claim will not face any hidden charges or bills for payments incurred during the compensation claim process.
If you want to work with a No Win No Fee lawyer, UK laws will outline exactly how much can be taken from the settlement total. As stipulated in British Law, legal firms are prevented from taking more than 25% of a final settlement total as a fee. This means that you will be able to keep at least 75% of the settlement total.
The process of making a compensation claim is not always easy. There are many laws, regulations and rules which must be adhered to, simply to file a claim.