What is a No Win No Fee Solicitor?
The premise behind the services of a no win no fee solicitor is exactly what it says on the tin. In other words, if they don’t help you to win your case, you won’t have to pay them any money. This type of arrangement is also known as a conditional fee arrangement, and it means you don’t have to worry about paying any legal fees up front. This type of solicitor is very popular when it comes to accident claims and claims for compensation because it takes out all the risk.
How a No Win No Fee Solicitor Gets Paid
If your solicitor can settle your claim successfully, they deduct a ‘success’ fee from any compensation you’re paid. You don’t have to worry about them taking an exorbitant amount because the amount is capped by law. You’ll also agree on the percentage before they start working on your claim. When your case is successful, the other sides insurers will also pay your solicitor’s costs.
The most common types of cases brought using the no win no fee system include road or workplace accidents, industrial diseases, and professional and medical negligence cases. You may also find it being used for inheritance claims and business litigation.
If you want to find the best no win no fee solicitors, there are plenty to choose from, so make sure you do your due diligence research.
What Are the Benefits of Using a No Win No Fee Solicitor?
Legal disputes can often be very expensive, and traditionally, people who didn’t have the money to make certain claims would be able to use Legal Aid to cover all or part of the cost of bringing a case. This system was changed slightly a few years ago, and legal help was abolished for personal injury and medical negligence claims. A no win, no fee system was introduced. The most obvious benefit is that you don’t have to pay any money upfront. There are also several other benefits.
- Much wider access is an important benefit because the no win, no fee claim system makes it available to all. An injury or accident can happen to anyone, so it makes sense that help in getting compensation is also available for everyone, regardless of their financial status.
- No win no fee cases are often settled much quicker. Rather than having to wait while you save up enough money for the legal process your solicitor can start preparing your case straight away.
- When you’re involved in an accident or injured in the workplace, it can make life very stressful. Having a no win no fee solicitor on your side takes much of the stress of claiming out of the equation.
A solicitor who works on a no win no fee basis is not going to take your case unless they’re pretty certain they’re going to win.
When a legal firm is working on a no win, no fee case they’ve got a pretty strong incentive to win the case. That doesn’t mean solicitors, in general, don’t work hard for every client, but it does provide extra motivation.