From other lawyers, probably not! But from The Injury Lawyers, you still can!<\/i><\/p>\n
Have you noticed that solicitors aren\u2019t offering 100% compensation agreements anymore? You may have spotted that adverts only talk about No Win, No Fee, or you may have called a firm who took all your information and wasted loads of time on the phone with you only to tell you they want 25% of your payout!<\/p>\n
What\u2019s happened is the law has changed \u2013 so here\u2019s what you need to know about it!<\/p>\n
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The Change<\/span><\/b><\/p>\n The government caved to pressure from the vastly wealthy insurance industry to help them maintain their profits and cut the costs of claims. Now, some of the costs in making a claim have been shifted on to the innocent victim.<\/p>\n It\u2019s wrong \u2013 but there\u2019s nothing we can do about it!<\/p>\n We\u2019re no longer able to recover our Success Fee or the cost of an After The Event insurance premium. Both can be important. The Success Fee is an additional percentage of our legal fees that help us to fund No Win, No Fee claims. We can\u2019t win them all, and sometimes we have no way of knowing if there is a claim unless we pursue it. It\u2019s all a part of Access to Justice.<\/p>\n The insurance was to cover you in the event you needed to pay for some costs that couldn\u2019t be recovered from the other side. This would be things like the cost of a medical report that couldn\u2019t be recovered, perhaps as the case didn\u2019t win. Sometimes it would cover court fees or the opponent\u2019s costs if the claim didn\u2019t win.<\/p>\n How does this affect me?<\/span><\/b><\/p>\n Now, lawyers will want to take a huge 25% from your compensation to cover their Success Fee so they can keep funding No Win, No Fee claims, and many will ask you to pay for a premium for insurance as well; sometimes upfront, and the cost can be in the hundreds.<\/p>\n So if your claim is worth \u00a35,000.00, your solicitor can end up taking up to \u00a31,250.00 from it! On top of that, they may ask for the insurance payment, which lets say for example is \u00a3450.00, that leaves you with just \u00a33,300.00 as your payout. That\u2019s a huge amount of money to lose \u2013 thanks to the government.<\/p>\n 25% has been set as the maximum a law firm can take from you for the Success Fee, and we\u2019ve found through research that, so far, most other firms are settling on it as a market rate.<\/p>\n So how do I get 100% compensation?<\/span><\/b><\/p>\n That\u2019s simple \u2013 make your claim with us! For most types of claims, like work accidents, public liability claims, and many others, you can still get all 100% of your compensation claim.<\/p>\n How we do this is simple \u2013 we agree to waive the Success Fee charge, and we self insure the claim! That way, you don\u2019t suffer a percentage deduction from your claim, and you don\u2019t pay for any expensive insurance premiums.<\/p>\n So who pays us?<\/span><\/b><\/p>\n The other side still pays us for the work that we do. We cannot recover a Success Fee or an After The Event insurance premium \u2013 we can still recover our fees for our hourly rate, or charges for correspondence etc, or fixed fees if the case is subject to a fixed fee regime. All the other lawyers can do this too \u2013 what they should be taking from you is a percentage for the Success Fee, not for all of their fees.<\/p>\n So we\u2019re not working for free \u2013 we still get paid, we just get less fees than other law firms because we don\u2019t take a percentage from you.<\/p>\n That sounds nice \u2013 but why would we do this?<\/span><\/b><\/p>\n Because we can, and we don\u2019t like the idea of the victims being charged. We can afford to receive less fees per case than other firms because we take on and win a huge volume of cases compared to other law firms, and we\u2019re very efficient and good at what we do. We can afford to take the hit, so you don\u2019t have to!<\/p>\n We self insure the case because other changes and agreements we have with our medical agencies mean we rarely end up needing insurance; so we cover you like an insurer because it\u2019s not likely at all we will ever need to pay anything out!<\/p>\n It really is as simple as that! But if you want to shop around, make sure you take care because there are a lot of firms who have yet to change their websites to reflect the changes, yet they still advertise 100% compensation. Some use clever wording like \u201c100% No Win, No Fee\u201d which doesn\u2019t necessarily mean a 100% compensation agreement, and some may say \u201cNo cost to you\u201d which doesn\u2019t say no percentage taken, just that they may not physically \u201ccharge\u201d you.<\/p>\n Want to know if we can offer you a 100% compensation agreement? Call us today on 0800 634 75 75 and we\u2019ll see if you match our criteria for it!<\/p>\n","protected":false},"excerpt":{"rendered":"