What Are No Win No Fee Compensation Claims?
24th September 2013
No win no fee claims – also known as conditional fee arrangements – are one of the most popular ways for people to claim personal injury compensation. While there are a range of other ways to fund a compensation claim, such as through legal aid, through savings, or through loans and cash advances, no win no fee claims ensure that everyone can access justice no matter what their financial background.
If you decide to fund your case on a no win no fee basis, you will not have to pay for your legal costs if you are not successful, although in some instances there are still some other fees and expenses to deal with. You will only have to deal with your personal injury solicitors’ legal costs if you win your case, and you will not be liable to pay the other side’s legal costs. Furthermore, you won’t have to pay ‘basic fees’ if you win, as these will be handled by the losing side; instead you will only be liable for success fees and any other costs. Ask your solicitor what costs you could be liable for if you are concerned.
However, if you lose your personal injury claim, you will have to pay for the defendant’s legal costs, and these can occasionally be very expensive. Therefore, many no win no fee solicitors will advise you to invest in ‘after the event insurance’, and in some instances, solicitors will refuse to take on a case unless the client does this.
If you are unable to pay for the cost of after the event insurance, your solicitors may be able to come up with a solution, which could involve deferring the insurance costs until after the case reaches a conclusion, or taking out a cash advance or loan. Your no win no fee solicitor may even offer to cover this expense themselves.
Why do people use no win no fee solicitors?
There are a range of different reasons people use no win no fee solicitors when pursuing compensation claims. Some of the reasons people visit these personal injury solicitors include:
– Medical negligence claims
– Accident at work compensation claims
– Slips, trips and falls
– Accidents in the street
– Accidents while shopping
– Accidents in public
– Road traffic accidents
– Criminal injuries compensation claims
The common factor in all these cases is negligence or recklessness; someone must have behaved in a negligent or reckless manner if you are to make a personal injury claim. There is also a three-year statute of limitations, so you must begin making a claim within three months of the date you first realised you were injured.
If you want to make a personal injury compensation claim, or would like more information about the process of doing so, then just contact Clearwater Solicitors today. You can get in touch with us through our handy online enquiry form, or can call us on 08000 430 430.