No Win No Fee Claim
Are you eligible for your No Win No Fee Claim agreement
Living Expenditure is rising with the advent of time and technology and so are the expenses on legal services which has called upon many legal policies in the UK. However, it’s just about to understand that you have the right to claim compensation if it’s not your fault and get the financial or medical compensation you deserve on No Win No Fee claims basis.
What is NO Win No Fee Accident Claims?
It is an understanding agreement between a solicitor and client that shows that client will only pay when there is a Winning situation and their claim is a success. Here the risk factor falls more on the solicitor than the client who feels secure and safe in any case. This feature compensates for the risk ratio in the event of a claim and clients can seek all sorts of help and discuss their happenings freely with the solicitor.
In UK an agreement, CFA is signed that assures advocacy and proof of litigation. In CFA agreement the charges of the solicitor depend upon the outcome and result of the case.
Advantages of No Win No Fee Accident Claims
Victims of accidents or any kind of personal injuries can get significant advantage by filing a claim without the fear of expense or any losses.
- It is a way to help victims who does not have funds to claim.
- The solicitor holds all the risk.
- When your solicitor agrees to support on No Win No Fee basis, this assures a solid outcome and thereby it becomes less distressing for the claimant. He/She is confident about the claim process and trusts the solicitor for all the expenses.
How a solicitor gets paid if a ‘no win no fee’ case is successful
The typical ‘no win no fee’ percentage is 25%. However, as with any legally binding documents, you should always check the small print before signing, and double or triple check exactly what you may be charged.
So it’s in the best interest of the solicitor to fight for the highest amount possible. Our panel solicitors will only take a case on if it has more than 50% chance of winning.
It is important that all essential points of agreement are written down as proof in writing before the trial and the objective is clear at both ends without the risk of losing.
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