subject: Common Misconceptions That Obstruct The Benefits Of No Win No Fee [print this page] The most common idea that makes no win no fee such a huge success, especially in the field of personal injury claims, is that a person availing this facility doesnt have to pay for anything and if decision of the case is given in favor of the party, he is entitled to receive 100% monetary compensation. The no win no fee solicitors, with their extensive experience in the personal injury claim cases are capable of awarding the client not only with the estimated compensation amount but also make the offender pay the legal charges as well. It means that the client doesnt have to give up anything and a successful win leads to win-win situation for both client and solicitor. However, in the real life situation things may not be as smooth as they sound. Here follows certain reflection on the most common misconceptions that may stop a person from enjoying the full benefits of no win no fee.
How was it Introduced?
The no win no fee scheme, which is legally referred as Conditional Fee Agreements, was launched in 1995. Before this there was Legal Aid, a government body that helped the UK citizens to meet the requirement for legal cost. However, with time the injury claim field witnessed significant rise in the compensation amount cases and they started costing a great deal of financial amount to the government. The Conditional Fee Arrangement was introduced with an aim to meet both ends requirement of people and cost cutting. Under this system, the discretion to offer a client with benefits of the scheme relies entirely upon a lawyer or the law firm. A no win no fee solicitor may agree to undertake a case only when he is convinced that elements of the claim are strong enough to ensure a win and he will receive monetary return for the time spent.
The Greatest Obstructions against No Win No Fee Benefits:
That no win no fee solicitors may not find arguments of a person for personal injury claims strong enough to avail the facility
That the claimant may be hold responsible to make payment of legal costs if the case is lost and it may be quite difficult to arrange for an After Event Insurance that will cover the financial burden
That a solicitor may charge a claimant almost one-third or half of the entire compensation earned and in the long run it may not come do any good for the winning party
Going with the general idea about no win no fee may not contribute to your advantage unless you take into consideration the aforesaid aspects. So, while you seek assistance from a no win no fee solicitor, make sure that each of these aspects are properly discussed and mentioned in the contract letter if he agrees to go ahead with your case.
