No Win No Fee Solicitors — A Smart Decision to Always Remain On the Safe Side
No win no fee claims, officially known as a Conditional Fee Agreements (CFAs), are an arrangement by the injury victims or claimants of accident injury with their injury solicitors.
No win no fee compensation claims were introduced to the UK in 1995 to replace the old legal aid system (a government enabled system for providing funding to help people get a fair hearing, access the court process, and to help solve problems that contribute to social exclusion).
Since then these arrangements has lessened the burden considerably for those clients who otherwise would have been in huge debt, just to pay these lawyers and solicitors.
If you have suffered a personal injury in the UK as a result of the negligence of another person or company, you may be entitled to make a no win no fee claim for personal injury compensation against the party who is responsible for causing you harm.
With the no win no fee agreement, if the solicitor loses the case, you will be saved from losing any further money because you will not have to pay the solicitor. Also if your claim is a success you will keep 100% of the compensation that you are awarded with and your solicitors fees being paid by the losing party's insurance. None of the compensation you are awarded is spent on your solicitors fees and costs.
It is now extremely easy for most people to take the services of a personal injury solicitor or lawyer to help with their claim. Nearly all solicitors specialising in personal injury work will be able to offer you a no win no fee agreement if it is suitable for your circumstances.
No Win No Fee Solicitor
Choosing a reliable and appropriate solicitor with professional integrity in the no win no fee sector can be difficult. You should only hire a solicitor who fits your budget but at the same time has a substantial experience in handling personal injury claims.
In most of the cases your no win no fee solicitor will arrange an initial meeting with you to assess the strength of your claim and discuss the options available to you to fund your compensation claim. This will help them to arrive at a decision as to whether your case can be won or not.
Only when they believe your case has merit, he'll/ she'll be willing to work for you for free, safe in the knowledge that they will be paid for their work by your opponent once they win the case.Therefore, you can be assured of competent legal service. Your lawyer will do their best to ensure that you win full compensation.
By hiring a no win no fee solicitor you will never have to face unexpected fees or hidden charges, as the amount is agreed upon in the agreement made before starting a claim, which is generally a set percentage of the amount awarded to you after winning a successful compensation.
However, there are more costs to consider than your solicitor's fees and you need to be aware that. Under the no win no fee agreement, if your case is unsuccessful, you may be eligible to pay for your opponent's legal costs and both yours and your opponent's disbursements.
To protect you from such charges, in most cases your personal injury solicitor can arrange for you to take out an insurance policy which covers such costs before your case commences.
This is known as the ATE (after-the-event) insurance. So, if you plan on taking the services of a no win no fee solicitor, make sure you ask who is responsible for payments if you do happen to lose.
Updated on 12/9/2009