Well, it may sound simple and straight forward, but in today’s day and age, knowledge is power. This is why we at The Injury Lawyers want to inform you of all the in’s and out’s of the ‘no win, no fee’ agreement.
It is our belief and commitment to ensure that our clients receive 100% of their compensation. This compensation a claimant receives is meant to put them back in the position they would have been in before the accident, plus an amount for the pain, suffering, and inconvenience of the injury. If we took a proportion of this compensation for our own costs, then this would not be putting you, the claimant, back in that position. Therefore, if you win your claim, you get 100% of your compensation and do not pay us a penny; and if you lose, you still do not pay us a penny for our time on your case.
I guess your next question would be, ‘well how do you get paid?’ In answer to this, if you win, the other side (the losers) pay our costs in the matter. If you lose, we have insurance which covers our costs. So, you can see that ‘no win, no fee’ means exactly what it says on the packet, it is designed to help people that have suffered personal injury to bring their claim without them suffering further financial hardship.
However, in saying the above, there are always firms out there who could potentially charge you if you don’t make the proper enquiries and CHECK THE PAPERWORK! When starting a claim on a ‘no win, no fee’ basis’ you will be asked to enter in to a Conditional Fee Agreement. This sets out all the terms of the no win no fee agreement. This must be read carefully. One item which should be read carefully is whether your solicitor’s fees are restricted to what they recover from the other side. If they are not restricted you should check that they cannot come to you to pay the remainder. In summary, before confirming the agreement, you should be asking your solicitor whether there are any circumstances, at all, where you would have to pay for anything AND ALWAYS READ A DOCUMENT FULLY BEFORE AGREEING TO IT!
At The Injury Lawyers our costs are restricted to what we recover. When we say ‘no win, no fee’ – we mean it. Ensure you get the Genuine No Win No Fee!