What Is A No Win No Fee Claim?
You may have heard the phrase “no win no fee” in reference to personal injury claims. A no win no fee* arrangement, formally known as a Conditional Fee Agreement or CFA, is an agreement between solicitors and their clients whereby the solicitor agrees not to charge any fees to the client if the claim is unsuccessful and where the claim is successful the solicitor can charge their fees in full, which will usually be paid for by the losing party (or their insurance company).
No Win No Fee Agreements
No win no fee agreements were introduced to give people access to justice regardless of their financial position. They also allow claimants to focus on recovery and assisting their personal injury solicitors with making the claim without having to worry about legal fees. Our personal injury solicitors in Wakefield all work on a no win no fee basis and they are happy work under this arrangement because if the claim is successful they can charge the defendant a success fee, which is like a bonus, in addition to their legal fees (limited to a maximum of 100% of the original fees). To cover legal expenses and time, our solicitors can charge up to 25% of the settlement sum on the result of a successful claim. If you are not successful you do not pay anything.
Before entering into a no win no fee arrangement with your solicitor you should ensure that you have read the CFA and are satisfied with its terms as there are many things that you should be aware of. For example, under the terms of the no win no fee agreement it is only your solicitor’s costs that will be covered. Disbursements such as court fees and barrister’s fees will not be covered. Furthermore, should the case go to court and be unsuccessful, you will be liable for the defendant’s legal costs as these will also not be covered. Although to prevent you from being liable for huge legal costs your solicitor is required to advise and assist you with taking out After the Event Insurance (ATE), which will protect you from the having to pay the defendant’s legal costs.
Contact our Specialist Personal Injury Claims Lawyers in Wakefield
If you would like to make a personal injury claim then you should speak to one of our personal injury solicitors in Wakefield within three years of the date of the accident that resulted in the injury.
Call us on 01924 589 664 or from you mobile 03300375064 If you would like to contact us online please complete our enquiry form here.