In a direct and brief ways, a no win no fee arrangement is of course often known as a conditional fee agreement. It’s the contract between you and your no win no fee personal injury lawyer.
No Win No Fee means if you don’t win your no win no fee claim, you pay nothing to anyone – it’s as simple as that.
If you win your claim, your solicitor will typically make the following deductions from the compensation you are awarded:
- A ‘success fee’ for winning the claim.
- The other side will usually be required to make a payment towards your legal costs and expenses but any shortfall may also be deducted from your compensation.
- The cost of the premium for any legal protection insurance you may have needed to ensure your claim is risk free.
You keep the rest and this will always be the majority of the compensation awarded to you. The deductions we list above will only be made when your compensation is paid. There are no upfront costs and no hidden charges.
Of course definitely your solicitor will explain all this in detail at the start so you know what to expect if your claim succeeds.
At the start of the claim, your no win no fee solicitor may need to take out a special legal protection insurance policy for you. It pays the costs if your claim were to fail and ensures claiming is risk free. Insurance must always be in place just in case that happens.
They’ll do this if you don’t have an existing legal protection policy that has appropriate cover. This type of legal cover sometimes comes with your home or motor insurance or as a credit card benefit. It’s a simple thing to check and your no win no fee solicitor will do so when they start work on your claim.
SO therefore, just because you pay nothing if you lose your case, no win no fee arrangements take all the risk out of making an accident claim. Importantly, it means you get fair access to justice if you’ve been hurt in an accident that wasn’t your fault.
