What is 'No Win No Fee'?
A No Win No Fee agreement, also known as a Conditional Fee Agreement (CFA) in the legal world, is an arrangement between a claimant and solicitor. In simple terms a ‘No Win No Fee’ arrangement means that you will not pay a fee if your claim is unsuccessful.
The high cost of securing legal help can often deter people from making a claim after an accident.
‘No Win No Fee’ was introduced to stop this and allow people to gain compensation with a fair and just trial, without the need of an upfront cost.
If you believe you have a case for a personal injury claim, you have nothing to lose by getting in touch with us.
Once we have set you up with the ideal solicitor for your case, you’ll have nothing to pay, therefore there is no risk of losing any money when you make your claim, you can only gain.
How does a ‘No Win No Fee’ Work?
With a No win No Fee claim, your solicitor will take out an after the event insurance policy on your behalf so that they can start your compensation claim. This will cover any costs that is owed during the compensation process. These costs may include, medical bills and reports, telephone calls, writing letters, court fees and other expenses.
What happens if my claim is successful?
If your claim is successful, typically you would pay 25% of the compensation amount recovered, although this will be subject to your individual circumstances and the actual fee may be more or less than this.
What happens if my claim is unsuccessful?
Simple, you don’t lose a penny.
The only exception to this is if the court find you to have acted dishonestly or maliciously when making the claim. If the court finds this to be the case then you may be liable to pay.