No win no fee is a way of making a personal injury claim without having to pay any money up front. It is only available on certain types of cases but it can be useful when you’ve had an accident and need to get compensation as soon as possible. However, there are some things you should know before choosing this option:
What is no win no fee?
No Win No Fee is a way of funding personal injury claims. It means that you don’t have to pay any up front costs and only pay your lawyer if you win your case. The most common type of no win no fee agreement is conditional, which means that the lawyer will only take their fee when they have won the case and received payment from the other side (the defendant).
There are two types of scheme: regulated and unregulated. Regulated schemes require an application form to be completed before claiming through them but unregulated schemes don’t require this step at all and so can be more appealing if you want something quick and easy.
No win no fee is for personal injury claims.
No win no fee is for personal injury claims. It is not available for criminal cases, divorce cases or commercial cases.
No Win No Fee: What You Need To Know
You are not guaranteed a pay out when you claim through no win no fee.
- There is no guarantee that you will receive any compensation.
- You may be eligible for legal aid, but this is not guaranteed either.
- If you do accept a lower settlement than if you’d paid yourself, it’s likely because the solicitor has been able to negotiate with the insurance company on behalf of their client and get them to pay out more than they would otherwise have agreed upon.
You do not have to pay any up front costs.
In a win no fee agreement, you do not have to pay any up front costs. This means that if your case is unsuccessful, the other side will not be able to claim any money from you at all.
Instead, if your lawyer does win their case and receives compensation on your behalf, they will receive a percentage of this money as their fee for representing them (the amount varies depending on the type of case). You may still have some work left over after paying all legal fees but this should be much less than what it would have been had they taken their usual paid up front approach.
The lawyer will only get paid if you win your case.
The most important thing to remember is that you will not pay any up front costs. The lawyer will only get paid if you win your case, so there’s no risk of losing money in the process.
However, before any lawyer can take part in a no win no fee agreement with their client, they must pass an approved test administered. This ensures that they have the right experience and knowledge to provide advice on personal injury claims.
You need an approved scheme to be able to claim through no win no fee.
To be eligible for no win no fee, you need to be able to show that you were injured by someone else’s negligence. You must also have been injured in the last three years and be working or have been working during that time period. If you meet these criteria, then it’s worth checking with your lawyer about whether or not they have an approved scheme that will allow them to take on your case as part of a no win no fee arrangement.
No win no fee can be a good way to get compensation when you’ve had an accident but it’s not the only option and there are some things to be aware of first.
You might have heard of no win no fee and may think it’s the best way to get compensation when you’ve had an accident. But it’s not the only option, and there are some things you need to consider first:
- You must be eligible for an approved scheme. This means that your claim must be worth less than a certain amount (usually around ?2,000). If your claim is higher than this amount then you won’t qualify for No win no fee solicitor Cheltenham legal help as your insurance company will pay any costs associated with bringing your case forward instead of being responsible themselves.
- Check the terms and conditions of the scheme carefully before signing up – especially if they ask for money upfront in order to cover their costs! Make sure everything has been explained clearly so there aren’t any surprises later on down the line when it comes time for payment from either party involved (you or them).
- Make sure how much compensation would realistically be payable under UK law given all facts known about injuries sustained during incident plus surrounding circumstances at time including impact caused by vehicle type used etc., not just based upon initial assessment made by medical professionals immediately following accident taking place without regard being paid towards future complications arising over coming years due prolonged trauma caused by said incident occurring – especially if person involved happens actually die shortly afterwards due sufferings endured during period spent recovering from injuries sustained during accident occurring.”
Conclusion
No win no fee is a good way to get compensation when you’ve had an accident but it’s not the only option and there are some things to be aware of first. You can also contact us if you want more information about this type of claim or would like us to help with your case.
