Pursue Compensation Claims With No Win No Fee
No win no fee is a phrase brandished by many law firms. However what does this process actually mean for you, someone wanting to claim compensation money?
The good news is that this arrangement actually means what it promises. A ?no win no fee? arrangement means that you and your solicitor are working on an agreement that you only pay your fees if you win your case. If for some reason your claim is unsuccessful, at least you won?t have to suffer the unwanted double whammy of a legal bill on top of the injuries and misfortune you have already suffered.
The other important promise with no win no fee compensation claims is that you should receive 100 per cent of the compensation and that the costs of your claim will usually be recovered from the other side. This is consequently a ?win win? choice for you to make.
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In each and every case your personal injury solicitors will be more than happy to explain fully all these details to you before you make any commitment to legal action. Your solicitor may also purchase an after the event insurance policy on your behalf to cover your disbursements (e.g. the cost of obtaining medical reports etc.) and the other side?s legal costs should you lose your claim.
One of the major worries of those making a claim is how much their legal fees will cost them if they were to fail. It doesn?t take a lawyer to tell you that legal hosts can be very prohibitive and therefore it is very important that you find a funding method that best suits your circumstances. Whatever you choose, your funding method must adequately protect you against the costs which could arise from a claim.
The general rule of thumb is that providing you win your case, your legal costs of the claim will usually be recovered from the losing party, along with the agreed compensation for your injuries. The losing party will then be liable to pay all of your legal fees, plus any ?success fee? claimed by your solicitor and your expenses (which includes any insurance premiums). If you lose your compensation claim, then under a ?No Win No Fee? agreement you will not have to pay your solicitor?s costs meaning that you can?t be out of pocket yourself after making a personal compensation claim.
Tim Bishop is senior partner at Bonallack & Bishop, a firm of personal injury solicitors specialising in taking on compensation claims on a no win no fee basis. Tim is responsible for all major strategic decisions, seeing himself as a businessman who owns a law firm. He has expanded the firm by 1000% in 12 years and has plans for its continued development.
Related posts:
- No Win No Fee for All Compensation Claims
- Making Sure You Have the Perfect Compensation Claims Lawyer to Undertake Your Injury Compensation Claim Is Imperative
- Injury Solicitors Provide Legal Know How for Compensation Claims
- No Win No Fee Compensation Claims | the Claims Connection
- A Look at Personal Injury Compensation Claims
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