NO WIN NO FEE SOLICITORS
We are "no win no fee solicitors" and most people who have heard this
phrase assume it means that their personal injury claim will cost them
nothing. In practice this is correct, but the law at present makes
lawyers jump through a number of technical hoops to enable this to
occur. This is why you are told you must agree to a “conditional fee
agreement” or “CFA” which is an extremely long letter drafted in
solicitors legal jargon at its worst!
So why is it so complicated?
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The Indemnity Principle
The law at present states that any legal costs awarded on a case
actually belong to the claimant and not the lawyer. If a claimant is
not required to pay for their lawyer, then at the end of the case
whilst they will receive their compensation, the paying party, known
as the defendant, will not be required to pay costs. Clearly if no
costs are payable, either the solicitor will not act, because they
will not be paid or the claimant will have to pay their solicitor
directly. However there is one effective exception to this rule which
is the conditional fee agreement.
The Conditional Fee Agreement
This is a very long letter which sets out exactly how no win no fee
solicitors legal fees can be paid. It has to contain specific words to
enable a lawyer not to require any money from a claimant whilst they
are acting for them during the case, but if successful, creates an
obligation on the claimant to pay costs. As soon as there is an
obligation for the claimant to pay costs, the defendant must pay the
costs.
No Win No Fee Solicitor
If the claimant is not successful no costs are payable. This means
there is no risk on the claimant bringing the claim. If the claim is
successful, at the point of success, the defendant is required to pay
the costs.
Success Fee
Conditional fee agreements, contain success fees to take into account
the times that a lawyer does work for a claimant but is not
successful. In a claim it is not always obvious who is at fault. In a
car accident, both cars might have been irresponsibly speeding. In an
accident at work, the employee might have done something reckless
which caused the accident meaning the employer is not responsible or
only partially responsible. To take into account these difficult
situations the third party insurers must usually pay a success fee
when a case is won to compensate the solicitor for the other times
when a case is lost and the solicitor receives no fee.
Insurance
The final piece of the jigsaw that ensures a claimant does not have to
pay legal costs is an insurance policy. Many people already have
insurance built into their car or home insurance policies. This type
of legal expenses cover is called before the event insurance, as you
already have it before the accident. However if you do not have this
type of insurance, you can obtain after the event insurance. This
insurance covers you against having to pay the defendants legal costs
in the unlikely event that the case goes to trial at court and is
lost.
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If we
represent you we guarantee:
You receive 100% of your compensation
We work on a No win No fee basis - win or lose there are no fees
You deal with regulated solicitors from the
moment you call
Your claim is completely risk free.
Make
an enquiry with us TODAY!

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