NO WIN, NO FEE
The no win no fee agreement means that if your claim is unsuccessful you do not pay anything to anyone as long as you have not been untruthful or tried to commit fraud.
- What does ‘No-Win, No-fee’ mean?
- How do I know if I am eligible for a No Win No Fee claim?
- What compensation will I receive?
One way of funding your compensation claim is a No Win, No Fee agreement, also known as a Conditional Fee Agreement.
The No Win No Fee agreement means that if your claim is unsuccessful you do not pay anything to anyone as long as you have not been untruthful or tried to commit fraud. You and your solicitor agree that you will only have to pay your solicitor’s fees if you win your case. If you win your case, your solicitor’s fees are normally paid by the other side. However, your solicitors are allowed to charge you a success fee which is limited to a maximum of 25% of the compensation you receive. By way of an example if you are awarded £4,000 compensation, you will pay £1,000 to your solicitor and you will receive £3,000 in your hand. Your solicitor will advise you further when you speak with them.
Almost all claims for compensation are funded by way of a no-win no-fee agreement. Your solicitor will usually arrange an initial meeting with you to assess the strength of your claim and discuss the options available to you to fund your compensation claim. Only when they have made this assessment will they decide if it is appropriate to offer you a “No Win No Fee” agreement. Your solicitor will explain all the details of this agreement to you in full before you begin your compensation claim. You should note that cases are only taken on a “No Win, No Fee” basis, if they are likely to be successful.
Your solicitor will aim to recover the maximum compensation possible on your behalf” you the maximum compensation.
Your claim will include “general damages” and “special damages”.
“General Damages” includes compensation for your injuries, the ‘pain and suffering’ you have sustained as a result of the accident and for the ‘loss of enjoyment of life’.
“Special Damages” includes compensation for lost earnings, potential loss of future earnings and for any expenses which are necessary to aid your recovery such as prescription costs, nursing care and rehabilitation costs.”