No Win No Fee Compensation Claims
What is No Win No Fee compensation?
If you have been involved in an accident that was not your fault or tolerated medical negligence, resulting in you suffering from an injury or illness and has cost you your time and money, most solicitors are willing to help fight your case on a No Win No Fee basis (NWNF).
What this means is that if the injury lawyer does not win the case for you, then you will not have to pay any fees.
If, on the other hand, your solicitor does win your case, you will have to pay a percentage that is deducted from the total compensation amount you receive. By taking on this policy, your lawyer is risking failure and not receiving any extra financial benefit. So essentially, you pay this ‘success fee’ in return for them taking the risk on you and working hard to prove your case.
Those not claiming on a No Win No Fee policy means that they will have to pay for all the hours the solicitor puts into the case and any other legal fees, costing more money and resulting in further financial risks and stress.
How does No Win No Fee work?
A Conditional Fee Agreement (CFA) is a NWNF arrangement commonly made with the majority of claims cases today, as it is risk-free for the Claimant. It is a legal written agreement between you and your solicitor, giving your consent for them to receive a ‘success fee’ on winning your case. It currently stands that you would pay them 25% of your compensation amount after you’ve received it.
Although this percentage is the typical amount charged to Claimants, the written document should state exactly what you will owe on winning the case, so it is important to be completely clear about all the terms before you make the agreement.
A No Win No Fee Solicitor
If you are advised by us at Accident Line Direct, we will appoint you a No Win No Fee lawyer to assess your case. In order to go ahead with the policy, they will have to inspect every detail of your case to be sure that it has a 100% chance of being successful so that they can be confident in taking the risk.
This could mean them spending a lot of time gathering all the necessary evidence and evaluating your case; but with No Win No Fee policy, you do not have to pay for this.
If they decide to take your case, they will inform you and guide you with every step of the claims process.
You should bear in mind that most cases need to be submitted within 3 years of the injury happening. In others, it could be more or less time, so getting in touch as soon as possible with specialist advisors who can give you the specifics would be the best way to determine the right steps for you.
Accident Line Direct
Although No Win No Fee may be a risk-free choice for you, not all solicitors work on this policy. At Accident Line Direct, we can make sure that the personal injury solicitor we use for you works on this type of agreement.
Call us for free today to speak to one of our expert and experienced advisors if you would like to find out more information, or if you have suffered a non-fault injury or medical negligence, so we can assess your situation and provide the best advice on what you should do.
Posted in: Uncategorised on Wednesday 3 January 2018
by Osian Jones