No Win No Fee agreements are provided by many lawyers and law firms who specialise in personal injury claims. It is provided to help injured people access justice. The injured are often unable to work and earn a living, let alone pay legal fees. Therefore, No Win No Fee agreements give such people security. . But how exactly does it work.
Below is a discussion on the No Win No Fee agreement to help you make an educated decision.
As the name implies, you do not pay the solicitor’s fees, and sometimes outlays, unless they are able to win your case. Fees are the lawyer’s costs incurred to run your claim. Outlays are expenses that a lawyer pays on your behalf to prepare your claim, such things as Police reports, medical records/reports and Barrister’s fees.
So, the basic function of No Win No Fee, is to allow injured people to bring a compensation claim after an injury at work, a road accident or other accident, without having to pay any legal fees or outlays until the claim is actually resolved.
The main advantage of No Win No Fee lawyers is not having to worry about paying legal fees and outlays if you do not win your claim.. Solicitors take on the risk of the costs of your claim.. This is why they are determined to obtain the best outcome for your case.
No Win No Fee lawyers give injured people access to justice that otherwise they may not have. Insurance companies have huge amounts of money and lots of lawyers to fight against any personal injury claim and try to avoid paying compensation. The No Win No Fee lawyer evens up the score and takes the fight to the insurers, so that injured people can access their rights to compensation.
If your case has a very low chance of winning, a No Win No Fee lawyer might not take it on. They are less likely to take on a case which might not succeed. It is also important to ask your No Win No Fee lawyer exactly what does this agreement cover. For example, some No Win No Fee lawyers will still charge outlays, so that their agreement is limited to legal fees only.
No Win No Fee agreements only cover you for your own solicitor’s fees and outlays. If you go to Court and lose, the Court can order you to pay some of the other side’s legal fees and outlays. It is very important to discuss this with your solicitor and understand what your risks are of going to Court.
No Win No Fee agreements can cost a little bit more also, but this is because the solicitor takes on all the financial risks and does not get paid until the claim is resolved. This can be 12 months to 2 years, depending on the type of claim it is.
By being aware of how a No Win No Fee agreement works, you can see how you’ll be able to take advantage of this when starting a personal injury claim. If you need further help in making a decision, Carew Lawyer’s legal team is ready to advise you and provide all of your available legal options. Organise a consultation to learn about our No Win No Fee Lawyers.