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“No win, no fee” is a phrase you see a great deal in relation to personal injury compensation claims. But what does it mean?
No win no fee refers to a ‘conditional fee agreement’. This is an agreement that means your solicitor will only be paid if your accident claim is successful.
Whether your claim for personal injury is as a result of a road traffic accident, medical or clinical negligence, an injury at work, maybe you have slipped and fallen and want to claim, or some other type of accident, it could apply to you.
If you win your injury claim, the losing party will have to pay towards your solicitor’s fees on top of your compensation. This type of legal help is your right.
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Yes, it does still apply. But there are points to bear in mind. If you lose your accident compensation claim, you won’t have to pay your solicitor but you will be liable for the costs of the successful party. To protect you from these costs, your solicitor may take out insurance on your behalf as part of your compensation agreement.
This is known as ‘after the event’ insurance. It covers all legal fees as well as additional costs known as disbursements – including court fees and medical reports. There is a premium to pay for this cover but you don’t need to pay this at the outset. If you lose your case, the insurance company pays the premium. If you win, the losing party pays it.
Contact our team today to discuss your potential accident claims in confidence. Either call us on our national accident helpline telephone number above to speak to our team of injury lawyers or claim online to start your potential compensation claims.
*Please note – In limited circumstances, fees may be charged when your claim is not successful. These specific limited circumstances will be explained to you by your Solicitor.
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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