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.
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