No Win No Fee Explained

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No win no fee refers to the payment for solicitor’s fees and the reduction of the financial risk that could possibly be a barrier for someone pursuing a personal injury case. 

Conditional Fee Arrangement

The official name for a no win no fee agreement is a Conditional Fee Arrangement (CFA). CFAs were introduced to ensure the availability of legal advice and representation to anyone regardless of financial status. There was a worry that without a system like CFAs to support those in need, certain people would feel unable to pursue a legal case due to financial barriers. Therefore, CFAs help to overcome this barrier and ensure that people can seek compensation irrespective of their financial position. 

If your solicitor is acting under a CFA, this means that you will only have to pay fees to them if you win your case. Expenses like legal fees, court fees, and medical fees will also be covered through the no win, no fee agreement. 

Make a claim now by calling 0800 808 9740 or contacting us online.

The fee that you will be expected to pay if your case is successful should be highlighted by your solicitor at the beginning of the claims process. Success fees are expressed as percentages and the success fee applied to your case will very much depend upon the risk assessment made at the outset of your case. This risk assessment is based upon the strength of your case and how likely your solicitor believes it is that you will win the case.

There is no cause for concern about the bills you are expected to pay as your solicitor will cap any fee at 25% of your compensation amount for general damages. The amount that will be taken from your compensation is calculated by determining the cost of any fees related to the case such as medical reports, as well as general solicitor’s fees. The fee is taken from general damages and any special damages compensation that covers past financial losses. 

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Excellent service. Thank you all. I’m really glad I chose you to handle my case.

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The Benefit of No Win No Fee Compensation

No win no fee claims remove the financial risk of pursuing a personal injury case. Injured individuals who make a claim do not have to worry about any negative financial costs which could be incurred through the legal process.

The legal costs that you have to pay when you win will be paid by the blameworthy party through your compensation package. The costs will not go beyond 25% of your damages, ensuring that you are not taken advantage of. 

What Happens if I Lose my Compensation Case?

Upon initial consultation, First Personal Injury will assess the validity of your case. If our firm decides to take on the case, it is because we are prepared to work upon the basis of a CFA. This means that we will share the risk associated with the case and only be paid if your claim is successful. Therefore, we will not charge you if the case is lost. 

However, your opponent may charge you. To protect you from having to pay any legal costs incurred by the opposing party, we can organise After Event Insurance. This ensures that you will only have to pay the insurance premium if you win your case; if you lose, the premium is written off. 

Making Personal Injury Claims

If you have been injured or developed an injury due to someone else’s negligence, you may be entitled to compensation. First Personal Injury solicitors are available to assist you and ensure that you get the compensation you deserve. 

First Personal Injury works with both families and individuals across England and Wales, leading them on their legal journey and helping them claim compensation after an accident or injury. 

Contact our team to begin the claims process, either by phone on 0800 808 9740 or through our online form

Related

This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are regulated by the Solicitors Regulation Authority of England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

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