How Does No Win No Fee Work?
It might seem shocking that law companies can offer a no win no fee solution to your claiming
, but its true, and it has helped a great number of clients follow a claim that may have not previously pursued one out of fear of losing them and being out of pocket.
A no win no fee agreement, also commonly known as a conditional fee agreement, works on the basis that the law firm will be confident that this case can be claimed for and no solicitor fees will be charged. The only fees incurred will be if the case is successful, where the solicitor will earn their fees and any bonus fees directly from the insurance company that is paying out.
With this agreement, any other fees such as medical check-ups and loss of earnings will also be covered by the opposing party, ensuring that the client gets a good deal.
There are some caveats to this process if the claimant chose to terminate their claim halfway through or fails to attend any appointments set by the solicitors, they will be charged directly, so it is advised that you truly believe in your claim before you agree to pursue it.
The best way to find out if your claim is worth pursuing and the likelihood of it being successful, is to speak to a law firm or solicitor first and explain the situation, after which you can decide if you want to agree to a no win no fee agreement. Making a claim will involve submitting all necessary paperwork and contact information, and ensuring that the accident has occurred within the last 3 years (or it is not valid).
The claiming process typically takes anywhere from 3-12 months whilst the solicitor gathers all necessary evidence to build a case; however special cases may require even more time spent on them. Once this has been compiled, it will be presented to the opposing party (generally their insurance company will handle it from here).
After this, the employers insurance company may make you an offer in an attempt to settle the dispute and the solicitor advise the claimant as to whether this offer is appropriate to the case. If accepted, the case is dropped but if rejected, it will go to court. In court, both sides will make their case and the judge will decide the appropriate amount. After this, the solicitor will take their earnings, and you will generally receive 100% of the compensation.
by: Amy
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