No Win No Fee Accident Compensation Claims
The term “no win, no fee” is now very familiar to us. It is a term that almost immediately attracts a degree of suspicion because most people will have seen the bad press that has circulated over the years. “No win No fee” does sound too good to be true and it is important that the concept is explained in order for you to fully understand the arrangement.
Put very simply – No win No fee agreements work on this basis:
- If you win your case – your costs will be “partly” paid for by the losing partys insurers. Why only partly? Because following a rule change in 2013 lawyers can no longer recover all of their fees from the insurers. Instead lawyers now charge client an amount of not more than 25% of their compensation award to cover this shortfall. This comes from your compensation NOT from your pocket or up front. However the rest of your fee is covered in full by the insurers who will pay your lawyer on settlement of your case.
- If you lose your case – your lawyers walk away without charging you. This is where the “no win no fee” element comes into its own.
Our claims scheme is one of the most straightforward and safest “no win no fee” schemes in the UK.
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