How No Win No Fee Solicitors Work
When making a personal injury claim, you should engage a competent and qualified lawyer. Personal injury solicitors in London can help you when you need legal representation in court or even legal advice. You have probably heard of “no win no fee*” solicitors, however, lawyers do not always provide their expertise and services for nothing. There are two ways in which you can pay a solicitor’s fee. One way is to pay off such fees out of your own pocket and the other is to hire a solicitor to work on a “no win no fee*” basis. This guide will take you through how “no win no fee*” solicitors London can work for you, should you decide to choose us to represent you.
The “No Win No Fee*” Solicitors Argument
In the UK, the phrase “no win no fee*” or “no foal no fee” means a solicitor takes on a case on the understanding that he or she will only receive payment in the event of a successful outcome. However, this does not mean that one can file a personal injury case and expect to pay nothing. Even if the case fails in a court of law, you may have to pay your opponent’s legal expenses. It is important to note that there are two types of “no win no fee*” arrangements.
Conditional Fee Arrangements (CFAs)
Whenever you hear personal injury lawyers talking about “no win no fee*”, they are most likely referring to conditional fee arrangements. In this type of legal arrangement, a solicitor can add an extra amount to his/her fee (success fee) in the event he/she wins the lawsuit. The additional fee is basically a reward for the risk undertaken by the solicitor in the “no win no fee*” legal arrangement. Success fees are not standard but vary from one lawyer to the next.
Expect your solicitor to charge a maximum success fee of about 12.5% in cases that involve road traffic accidents. On the other hand, personal injury claims London pitting employees against their employers usually have fixed success fees. In general, expect your solicitor success fee to be twice the normal solicitor’s fee. The downside to this arrangement is the losing side has to pick up the legal expense tab.
Under a contingency fee arrangement, a personal injury solicitor takes a certain percentage of the compensation awarded to his or her client. This type of arrangement is quite popular in cases where parties involved in a personal injury claim decide to settle the case out of court. Legal experts call these arrangements non-contentious actions.
Legal Expenses Insurance
Remember under a “no win no fee*” arrangement, you will not pay your solicitor’s legal fees. Nevertheless, you might have to pay your opponents legal fees as well. Most people take out “before the event” and “after the event” insurance policies to cover the risk of such an outcome. This policy might not be necessary if you already have an existing legal costs policy. Such an insurance policy covers court fees, your opponent’s legal costs, as well as your solicitor’s fees. This is in addition to covering expenses associated with summoning expert witnesses and availing medical reports. Personal injury solicitors London call these expenses “disbursements.”
Before-The-Event Insurance (BTE)
One can take a before-the-event insurance policy together with other policies such as home or car insurance. Although this type of policy lasts for about 12 months, it is affordable (about £15). You will come across insurers that will even provide this cover for free when you take out another policy. Most insurers will cover their client’s legal costs provided they have a chance of winning. However, a BTE policy comes with certain limitations. To start with, a policyholder must accept a reasonable offer from an opponent.
Secondly, policyholders must report personal injuries to their insurers within a period of six months or less. Thirdly, a policyholder can only choose a solicitor after legal proceedings have begun.
After-The-Event Insurance (ATE)
After-the-event insurance covers your legal expenses in case you suffer injuries or an illness due to someone else’s negligence. The cost of such an ATE insurance policy typically ranges anywhere from £75 to £5,000. Some London “no win no fee*” solicitors take out ATE insurance covers on behalf of their clients. However, this happens after they accept to take on their clients cases. This means that the client does not have to worry about insurance premiums or legal expenses.
If you have suffered an injury at work, while driving on the road, while out shopping, or while swimming in a public pool, you should get in touch with a personal injury lawyer in London immediately. Even if you do not have the money to cover legal costs associated with accident claims in London, you can talk to your lawyer to find out whether he or she can take up your case on a no win no fee* basis. Depending on the outcome of your case, you may end up paying nothing to your lawyer or paying your opponent’s legal bills. The rule of thumb is to be careful whenever you come across the phrase “no win no fee*.”
* Other costs could be payable