If you have sustained an injury or have been involved in an accident, you are entitled to make a claim if the fault lies with another party. Whether it is a leisure-related injury, a slip, trip or fall at work, or any other incident that caused you harm, you may be entitled to compensation.
Though the notion seems quite straightforward, issues can arise due to the high costs that can be incurred obtaining the support of a legal professional to help you claim the compensation you deserve. These high costs frequently put people off filing a claim, even when they are certain the injury wasn’t their fault and they have suffered physically, mentally and financially due to the injury.
The concept of a ‘No Win, No Fee claim was developed to address this issue. It gives you the chance to make a claim without incurring any legal expenses until your compensation have been guaranteed. The benefit of instructing a solicitor on a No Win, No Fee basis is that, if you fail to win the case, you won’t be left owing money for a claim that went nowhere.
How it works
A No Win, No Fee case means that, if your solicitor fails to win your case and you don’t receive any compensation, you won’t pay any fees.
Solicitors and the law firms they work for generally only take on such cases when they are confident that they will win, and that both you and they will receive some money. The benefit to you is that there are no upfront costs, and you can rest easy knowing that, should the worst happen, you won’t be out of pocket. The benefit to your solicitor is that they are able to take on cases that would otherwise never happen, due to the claimant being unable to afford their fees.
If your claim is successful, you will then pay your solicitor what is known as a ‘success fee’. This is usually a percentage of the compensation amount you have been awarded, although it could also be a flat fee agreed upon in advance. A document called a Conditional Fee Agreement, or CFA, lays out the agreement and is a formal, legally binding contract between you and your solicitor.
What you need to know
Should your claim be unsuccessful, you will not be obliged to pay any fees to your solicitor. However, you may still need to pay court costs, any expert’s fees and miscellaneous other expenses. Whether or not you are responsible for these payments will depend on the nature of your agreement with your solicitor and it may be that they advise you to take out what is known as After The Event insurance to cover any costs the court imposes if your claim is unsuccessful.
How we can help
At The Compensation Experts, all of the specialist law firms we work with operate on a No Win, No Fee basis. All of these firms are highly experienced in personal injury compensation claims, and so, are well-placed to hrlp you get the maximum amount of compensation you are entitled to.