subject: No Win No Fee Claims In London [print this page] No Win No Fee is acontingent fee (in the United States) or conditional fee (in England and Wales) where the solicitor's services are only paid if the case is won. Initially when the case was won the lawyer would be paid by deducing a percentage from the compensation or by the claimant where a fixed fee would are specified beforehand.
On the first of April 2000, the Access to Justice Act 1999 (section twenty seven) amended the Courts and Legal Services Act 1990 to allow the lawyers fee to be deducted from the losing party.
To make it straightforward, if the lawyer you are working with operates on No Win No Fee basis you dont pay a penny whether you win or lose your case.
The benefit of No Win No Fee is that it guarantees the claimant that the lawyer would be giving all the specified attention to win the case since the service fee will solely be paid off the losing party only if the case is successful. On the other hand one may argue that solicitors wouldnt be fair in making the choice whether to represent the claimant or not. Since the service fee is only paid if the case is won, the lawyer might not handle the personal injury compensation claim if the case doesn't appear to be favourable.
Many law companies use lead management companies to qualify a claim before they take on the case. Claims management corporations facilitate claimants to nurture their case by helping them acquire necessary documents to create a personal injury claim, provided that the claims management company was able to help the client nurture their claim, they will pass on the case to the law firm where a solicitor will handle it.
There are many injury compensation claims management corporations however it's necessary to make sure that the corporate is regulated by the Ministry of Justice. A qualified claims management company regulated by the ministry of justice will follow all the rules and laws to make sure they provide a smart and honest service to all or any who are trying to create a claim.
Some law firms take the term "No Win No Fee" quite literal where they might charge you a service fee if you win the case, which means that you've got to either pay the solicitor or deduce the service fee from the compensation quantity. Make certain to debate the No Win No Fee basis together with your lawyer before you persue your claim.
