This entry was posted on Saturday, July 3rd, 2010 at 3:49 pm and is filed under Common Accidents, No Win No Fee, Personal Injury Claims. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Information about No Win No Fee Claims
Some people may be confused by some of the jargon that is involved in personal injury claims, though if you enter into a no win no fees agreement then it should be just that – nothing to pay whether you win or lose.
There are some solicitors that will require you to take out a small insurance policy to cover the cost of legal fees in the event that you do not win the case. The insurance policy costs will vary depending upon the type of case, but you should ensure that you are aware in advance of exactly how much you will need to pay for it.
There is also something known as a ‘conditional fee arrangement’. This is when a percentage of the compensation is used for legal fees. You should ensure that you are aware in advance if the firm you are using takes this as a fee or claims their costs from the other side. Not all firms will offer a 100% compensation guarantee and will have to recover their costs somehow, though most will recover them from the losing side.
Most firms will have both a no win no fee and 100% compensation policy but some cases, such as those involving medical negligence, may run for some time. The solicitors handling lengthy cases may be reluctant to do so without some sort of fee in advance, or they may insist on a conditional fee arrangement. It is important for any claimant to ensure they know in advance if they are expected to pay anything and how much they may be charged.
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