logoFree Legal information and Legal advice


Payments | Search | Contact us

No win/No fee

No win/No fee agreements for personal Injury legal claims

The term 'no win no fee' is used extensively and it can relate to a number of quite different agreements. Generally 'no win no fee' is used in the context of conditional fee agreements (cfas). Under such agreements, if you win your case, you must pay your solicitor's fees and any expenses for items such as experts' reports and barrister's or other solicitor's opinions. These are known as disbursements. If you lose, you need pay no fees to your solicitor. However, you may have to pay your opponent's legal costs and both sides' disbursements. Conditional fees are subject to regulations which set out what a solicitor must tell the client. A solicitor who does not abide by the regulations runs the risk of not getting paid at all, win or lose.


No win/no fee is simply an agreement that you will not be charged a fee if you do not recover any damages. If you do win damages you agree will agree that you will pay a success fee. The success fee is a percentage increase in the basic fee.

If a Claimant loses, it is likely that he will have to pay the Defendants costs. To cover these it will be necessary to take out insurance against the risk.

In the case of success, costs to include the success fee and insurance premium may be recoverable.

 

Lumi designAbout Us | Privacy Policy | Terms and Conditions | Contact Us | Links |Testimonials |©2008 Legal-Zone