No Win No Fee Accident Compensation Claims
You may have heard the phrase “no win, no fee” in reference to personal injury claims. A no win no fee arrangement, formally known as a Conditional Fee Agreement or CFA, is an agreement between solicitors and their clients whereby the solicitor agrees not to charge any fees to the client if the claim is unsuccessful and where the accident claim is successful the solicitor can charge their fees in full, which will usually be paid for by the losing party (or their insurance company).
Why Are No Win No Fee Agreements A Good Idea?
No win, no fee agreements were introduced to give people access to justice regardless of their financial position. They also allow claimants to focus on recovery and assisting their personal injury solicitors with making the claim without having to worry about legal fees. Our personal injury solicitors in the UK all work on a no win, no fee basis and they are happy work under this arrangement because if the claim is successful they can charge the defendant a success fee.
What Does No Win, No Fee Claims Cost?
No win no fee is subject to our panel’s personal injury solicitor agreeing to take on your case and appropriate insurance cover being in place. When a compensation claim is successful, there will be a Success Fee. Success Fees will not exceed 25% of recovered damages including VAT. This fee will be subject to your individual circumstances. There are a few rare exceptions, which the panel solicitor for can explain to you in more detail. If no damages are recovered, then no fee is payable by you. Your agreement will be direct with the panel solicitor, who is a third party and not owned or employed by us. Early termination fees may apply if you decide not to proceed or fail to follow reasonable legal advice. Such fees would be based on an hourly fee rate as set by that panel solicitor. We may receive a payment from the personal injury solicitors to whom we pass details if your case is accepted.
If you would like to discuss making a personal injury claim on a no win, no fee basis, contact Accident Claims UK today. When you contact us, we will be able to advise whether we are able to take on your case on a no win, no fee basis. If we cannot, we will also provide you with advice about alternative means of financing your claim. Get in touch now on 01252354433.
Before entering into a no win no fee arrangement with your solicitor you should ensure that you have read the CFA and are satisfied with its terms as there are many things that you should be aware of. For example, under the terms of the no win no fee agreement it is only your solicitor’s costs that will be covered. Disbursements such as court fees and barrister’s fees will not be covered. Furthermore, should the case go to court and be unsuccessful, you will be liable for the defendant’s legal costs as these will also not be covered. Although to prevent you from being liable for huge legal costs your solicitor is required to advise and assist you with taking out After the Event Insurance (ATE), which will protect you from the having to pay the defendant’s legal costs.
Contact our Specialist Personal Injury Claims Lawyers
If you would like to make a personal injury claim then you should speak to one of our personal injury solicitors within three years of the date of the accident that resulted in the injury.
Call us on 01252354433, or if you would like to contact us online please complete our enquiry form.