No Win No Fee Compensation Claims UK
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How to Make a No Win No Fee Accident
Compensation Claim. |
No Win No Fee Compensation Claims
The phrase ‘no win now fee’ has become more known to the public in
recent years as the number of personal injury accident claims have risen.
The term itself is actually misleading, as although you only have to pay a
fee to the solicitor if you lose the case, you may be liable for the
expenses of the other party. The correct term for this method of funding a
legal case is a ‘conditional fee agreement’. The essence of it is that if
the case loses you do not pay any fee to the solicitors. They are paid by a
success fee if the case is successful.
Before you undertake any conditional fee agreement it may be better to see
if you can find another way to pay for the case. These are typically by legal
aid, or in some cases one of your insurance policies may cover the cost of
any personal injury claims. If after consideration you decide that ‘no win
no fee’ is the right way for you then take the following steps.
Take time in finding the right personal injury solicitor or lawyers. Make
sure that they have experience, and a good record, in the type of case that
you are bringing to them. Also get a free consultation of them to see what
they think will be the best actions for your case. Make sure you understand
all fees and how they are calculated and get a quote from the solicitor.
Get after the event insurance. This is a type of insurance that will cover
you against the costs that could arise if you lose the case and you have to
pay the legal and other expenses that have been incurred by the person you
have claimed against.
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