The ‘no-win no-fee’ market continues to represent big business in the UK, particularly as an increasingly litigious culture has emerged in the shadow of North America.
While some may criticize this practice, however, it’s a concept that has made compensation claims increasingly accessible to a larger demographic of people, by connecting claimants to medical negligence solicitors and making representation more than possible.
But how does no-win no-fee work, and what percentage can you expect to pay your representatives in instances where claims are successful?
What is No-Win No-Fee?
In simple terms, no-win, no-fee relates to claims of personal injury or damage caused by someone else’s negligence, with cases most likely to involve professional service providers such as lawyers or medical practitioners.
Of course, having this type of agreement also takes the risk out of making a no-win, no-risk claim, as you won’t be required to pay any kind of fee in the event of an unsuccessful legal challenge.
Even if you win, you may only have to pay an average fee of 25%, and while this may vary depending on the no-win, no-fee solicitor that you liaise with, it provides considerable value and enables you to retain the bulk of any compensation that you’re ultimately paid.
What Type of Cases Does This Concept Relate To?
Often, you’ll have a free consultation with a no-win, no-fee lawyer, at which point they’ll determine whether or not you have a viable case to make a no-win, no-fee claim.
The key element here is that you’ll have to be injured or harmed by an incident that wasn’t your fault, while you’ll also have to demonstrate that the damage was done and subsequent inability to work was caused directly by somebody else.
This affords you a solid foundation from which you can make a viable claim against the defendant, but a solicitor will be able to advise you on the best course of action.
You can also trust the advice of a no-win, no-fee solicitor more easily in some instances, as it’s not in their financial interests to pursue cases that have little or no chance of winning.
How Does the Process Work?
When deciding to pursue a no-win, no-fee claim, your chosen solicitor will work to create an agreement that ensures you won’t have to pay any legal fees in the event of a failed case.
This is referred to as a conditional fee agreement, while this will also stipulate the percentage of your compensation payout that you’ll have to pay should the claim prove to be successful.
As we’ve already said, this will usually be around 25%, but be sure to discuss this with your solicitor and check the terms of your agreement to determine the precise amount that you’ll have to pay.
Despite its bad press, no-win, no-fee arrangements are highly advantageous and offer considerable access to claimants who have been injured as a result of someone else’s negligence.
This is crucial, especially for poorer citizens who may not be able to pursue legal action without such intervention.
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