subject: No Win No Fee Benefits In London Uk [print this page] No Win No Fee is acontingent fee (within the United States) or conditional fee (in England and Wales) where the lawyers services are only paid if your claim is successful. Initially when the case was won the lawyer would be paid by deducing a proportion from the compensation or by the claimant where a fixed fee would have been agreed upon 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 or not 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 might argue that solicitors wouldnt be honest in creating the decision whether or not to represent the claimant or not. Since the service fee is solely paid if the case is won, the lawyer would possibly not handle the personal injury compensation claim if the case does not seem to be favourable.
Several law corporations use lead management firms to qualify a claim before they tackle the case. Claims management companies help claimants to nurture their case by helping them acquire necessary documents to create a personal injury claim, provided that the claims management company was in a position to help the client nurture their claim, they will pass on the case to the law firm where a solicitor can handle it.
There are several injury compensation claims management companies but it's vital 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 principles and laws to make sure they supply a good and truthful service to all or any who are looking to form a claim.
Some law corporations 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 have to either pay the solicitor or deduce the service fee from the compensation quantity. Make sure to discuss the No Win No Fee basis with your solicitor before you persue your claim.
