What is NO Win No Fee Accident Claims?
It is an understanding agreement between a solicitor and client which shows that client will only pay when there is a Winning situation and their claim is a success. Here the risk factor falls more on the solicitor than the client who feels secure and safe in any case. This feature compensates the risk ratio in the event of claim and client can seek all sorts of help and discuss their happenings freely with the solicitor. In UK an agreement, CFA is signed that assures advocacy and proof of litigation. In CFA agreement the charges of the solicitor depends upon the outcome and result of the case.
Advantages of No Win No Fee Accident Claims
Victims of accidents or any kind of personal injuries can get significant advantage by filing a claim without the fear of expense or any losses.
How a solicitor gets paid if a ‘no win no fee’ case is successful
If your solicitor is successful in winning the claim process, you are entitled to receive 100% of the awarded compensation, Now, out of that compensation amount received you can pay your solicitor fees and cost as agreed upon which usually is between 36% & 42%.
So it’s in the best interest of the solicitor to fight for the highest amount possible. Our panel solicitors will only take a case on if it has more than 50% chance of winning.
It is important that all essential points of agreements are written down as proof in writing before the trail and the objective is clear at both ends without the risk of losing.
We can always help you find a be whom you can trust for the complete process and they can guide you the best with your claim. Our solicitors work on ‘no win, no fee’ basis.