QUESTION: What is a Conditional Fee Agreement?
A conditional fee agreement is an arrangement where you only pay your personal injury lawyer for their work if your claim is successful and you win compensation. Conditional fee agreements have been in use since 1998 to ensure people have an affordable way of accessing legal representation to seek compensation for an accident or medical negligence.
Frequently referred to as a No Win No Fee* contract, a conditional fee agreement is a service we offer our clients at The Compensation Experts to make obtaining quality legal support affordable for everyone. It takes away the financial risk of engaging lawyers who require payment before a claim is agreed. The uncertainty of the outcome leaves claimants vulnerable to expensive legal bills.
How Are Solicitors Paid in a Conditional Fee Agreement?
Before April 2013, a successful claimant’s legal fees were paid for by the insurance company of the defendant. This meant that, in addition to paying their own legal fees and compensation, the losing side also had to pay the legal costs of the claimant.
A change in the law means that a personal injury lawyer’s fee can no longer be recovered from the defendant. It is therefore typically deducted from the claimant’s compensation payment. You will agree on an amount, which is usually around 25% of damages you receive, to be paid to your solicitor for their work. For example, if you received £10,000 in damages and had success fee agreement of 20%, £2,000 would go to your lawyer, and you would keep £8,000.
Other legal expenses you may have to pay if your claim is successful include the cost of any expert reports sought to substantiate your claim (like an independent medical report), travelling expenses, and barrister fees if your claim goes before a court.
Do I Pay Anything if My Claim is Unsuccessful?
You do not have you pay any of your legal costs if your claim is not successful providing you have adhered to the conditions of your agreement, including taking their legal advice and being honest with the information you provide. You may still be liable for payment of court costs, expert reports, and any other expenses detailed in your contract so make sure you understand it before signing.
Why Should I Have a Conditional Agreement?
The majority of our clients opt for a conditional agreement because it is low risk and affordable. The benefits of a conditional fee agreement include:
- Knowing your solicitor is 100% committed to the success of your claim. If you don’t get paid, neither do they.
- Your solicitor shares the risk with you.
- You will not have to take a loan or find the money to pay legal fees whether or not your claim is successful.
Talk to our expert advisors today to learn more about our conditional fee agreements. You have nothing to lose by asking because there is no charge or obligation for seeking advice from The Compensation Experts.
*conditions may apply
Need some help?
Am I eligible?
If you have been harmed physically in the last 3 years, due to someone else’s negligence, the short answer is yes.
Exceptions to this are for instance industrial disease or if you were a child at the time of the accident you may have a longer period to claim.
How much could I claim?
As every injury is different, the amount of compensation paid out can differ case to case. Varying factors lead to the final figure include: extent of your injuries, earnings missed out on, future losses and more.
Our dedicated team of experts will give you an indication of how much you could potentially claim for.
How does the process work?
We understand that when making a claim it’s important to know what to expect and when to expect it. That’s why we make the process as transparent & clear as possible.
Your solicitor will gather all the evidence and will notify the negligent party that you wish to begin claim proceedings. With your solicitor negotiating on your behalf, you will be keep up to date every step of the way.
Why should you use us?
No Win No Fee*
We assess all claims on a No Win No Fee basis, then we can determine how successful a claim is likely to be. This service is 100% free.
We assess each claim on its merits with the information provide, which aids us determine its likely success rate.
Our dedicated panel are experts in securing compensation no matter the injury.
Our personal injury solicitors are committed to securing the best possible outcome for you while providing expert support every step of the way.
Personal Dedicated Solicitors
Each client is provided with their own Personal Injury solicitor who will work on the case from start to finish, being there every step of the way. The client will be provided with a direct phone number and direct email address of the solicitor.
Expert no win no fee solicitors working for you
We specialise in helping victims of injury claim the compensation they deserve.
We work on a No Win No Fee basis, meaning if we don’t win your case you don’t pay! Once you make contact, our experienced team will work to recover the maximum compensation you are entitled to.