An introduction to No Win No Fee arrangements
If you have experienced an accident or injury as a result of actions which were not your fault, or due to somebody else’s negligence, you might very well be eligible for compensation. Although here in the UK it is certainly possible to represent yourself when making a claim, most people find it beneficial to work with a solicitor who can offer professional representation, advice and support throughout the process.
You may have heard the phrase ‘no win no fee’ frequently used by solicitors in connection with making a claim. Although it is a common term, many people are unsure of what it actually means – a barrier which can stand in the way of them making that first step towards potentially claiming their rightful compensation.
What is a No Win No Fee arrangement?
A No Win No Fee arrangement is also known as a Conditional Fee Arrangement (CFA) and is a system put in place to help prevent people shying away from making a claim for fear of costly legal bills, with no guarantee of success. No Win No Fee solicitors remove this concern with the agreement that if the case is not successful, the claimant will not have to pay for their services.
This sort of arrangement can help save a lot of unnecessary time, worry and effort as the No Win No Fee solicitor will ensure they carefully assess the case before taking it on, in order to assure themselves that the claimant has a good chance of success. If a case is unsuccessful, not only will the No Win No Fee lawyer will receive no payment but the law firm itself will be landed with any legal costs incurred during the pursuit of the case.
Does a No Win No Fee arrangement mean there are no costs at all if I lose?
Usually insurance is taken out alongside the No Win No Fee agreement, which together with protection from paying the other party’s fees, means that you will have protection from paying your own solicitor’s fees, the other side’s fees, and any other expenses such as medical expenses or court fees.
This will be explained by your solicitor to ensure you fully understand the situation before choosing to proceed with your claim.
What happens if my case is successful?
You will have signed an agreement with your solicitor at the start of the process. Once concluded,you will receive any compensation to which you are entitled, less any deduction for a pre agreed fee which you will pay to your own solicitor, to be deducted from your compensation.