subject: What is ‘no win, no fee' and how does it work? [print this page] What is no win, no fee' and how does it work?
Under its terms, a claimant is exempt from paying anything to their legal representative unless their case is won and compensation is awarded. The legal firm then claim their fee from the party at fault, leaving the claimant entirely fee-free.
The success fee'
In addition to charging their standard fee, many lawyers will also claim what is known as a success fee' from the guilty party. This way they are able to make a living while leaving their clients 100% of the compensation secured on their behalf.
No win, no fee and personal injury
The no win, no fee model has become most commonly associated with the personal injury sector and is very successful because of the low risk it carries for claimants. As well as giving ordinary people the means to pursue a claim, the model also inspires confidence in legal representation as they have a real incentive to win each case they take on.
Lost cases
In the event of a lawyer losing his client's case in a no win, no fee agreement the client will be protected from having to pay costs and fees to the defendant through ATE. ATE or After the Event insurance can be purchased by solicitors for all kinds of litigation and effectively protects claimants from incurring costs whether they win or lose their case.
Taking the first steps
If you'd like to pursue a no win, no fee claim for a personal injury of any kind, your first port of call should be an independent litigation specialist like 1st Stop Claims. The experts at First Stop Claims will be able to offer you advice and support in making your claim, ensuring that you achieve justice and a fair settlement.
About 1st Stop Claims Company
1st Stop Claims are an independent accident claims specialist offering advice and support to accident victims seeking compensation for personal injury. Since 2007 they have been helping people access fair settlements for a diverse range of scenarios including road traffic accidents, sports injuries and workplace slips, trips and falls.
