No Win No Fee
How your claim will be funded
One of the daunting aspects of making a legal claim is the worry about how you could possibly pay for a lawyer.
It is a fact that as highly qualified lawyers, solicitors costs can be expensive and most people simply cannot afford to employ a solicitor. The problem with personal injury claims is that legal aid was withdrawn some years ago, leaving claimants with little choice but to pay their solicitor out of their own pocket – or not make a claim at all. This is why no win, no fee agreements were necessary.
Step in 'No Win No Fee'
A no win, no fee agreement, also known as a Conditional Fee Agreement (CFA), is an agreement that you make with your chosen solicitor whereby you don’t need to worry about paying upfront legal fees.
If your claim is unsuccessful, there is no charge to you under this agreement.
If you win your claim, your solicitor will take what is known as a ‘success fee’ from your compensation award for the work they have done for you in securing your compensation.. Typically, customers pay a success fee of 25% of the amount awarded to cover their legal costs. This will be subject to your individual circumstances and may vary but will always be agreed with your solicitors upfront.
There are some rare exceptions to this, however if they apply to you, your chosen solicitor will let you know before your claim starts.
Therefore, a no win, no fee agreement covers the financial risk of making a claim. Importantly, it enables injury victims like you to safely go ahead and claim the compensation you rightly deserve – without sleepless nights worrying about the cost involved.