Fee No No Win: How to fund a solicitors costs for free or as inexpensively as possible to claim UK work place accident personal injury compensation
Fee no no win: Discover what a no win no fee agreement is; how a conditional fee agreement ensures you do not pay the majority of your solicitor’s legal fees for claiming UK compensation and how to obtain insurance to pay legal costs known as disbursements.
What is a no win no fee solicitor costs agreement?
A “fee no no win” is a term used to represent a funding agreement for legal costs which is properly called a no win no fee costs agreement or alternatively a conditional fee agreement or CFA.
A no win no fee agreement is put in place by a solicitor who is pursuing a claim for UK compensation on your behalf and as the name suggests it ensures that if your claim is not successful you will not be liable to pay your solicitor’s costs.
What should a fee no no win conditional fee agreement include?
The CFA should set out: the date the agreement is to take effect, the hourly solicitor legal fees rates for different grades of solicitor who may act in running your claim, the annual date the legal costs rates can be reviewed by your solicitor and a description of the success fee.
Your solicitor costs rate describes how much your solicitor is entitled to charge per hour which will vary depending on the number of years experience of the solicitor concerned. For example a solicitor with 3 years experience will have a lower hourly rate than a solicitor with over 10 years experience.
The success fee describes how much of an uplift or percentage enhancement your solicitor can charge if your claim is successful. This is normally expressed as a percentage – for example a success fee uplift of 50% will add an extra 50% to the hourly rate if your claim succeeds.
These details are very important as even though you will not be responsible for your legal costs if your claim fails – if your claim succeeds it is likely that the person at fault for your accident (the losing party) will not only have to pay you compensation for your personal injuries, but also the majority of your lawyer’s legal costs as described by the conditional fee agreement (for no win no fee agreements dated on or after 1st April 2013 – the losing party no longer has to pay all of your legal costs when you win your claim, so your solicitor is entitled to deduct up to 25% of your compensation payout to offset unrecovered legal fees).
The idea behind the success fee is to ensure that your solicitor is compensated for the costs missed out in claims he was not successful in. In essence – your solicitor is gambling that should he win your claim he will receive his legal costs plus the success fee.
I take the view that no win no fee agreements are a very useful tool – you will feel that your solicitor is doing everything possible to win your claim as failure will result in a loss of all the chargeable time spent by your lawyer in running your accident claim.
What are legal disbursements and can these can be covered by a conditional fee arrangement?
Disbursements are sums of money that your lawyer has to pay out on your behalf to allow you to make an accident claim and include such things as the cost of obtaining a medical report.
Click no win no fee to see the page I have written describing how you can obtain an insurance policy to meet the cost of these disbursements and how to claim the cost of the insurance as part of your accident claim.
What are barrister’s fees and are these fees covered as part of your fee no no win?
Click whiplash compensation lawyer to see why your solicitor might wish to instruct a barrister before settling your claim.
Your solicitor can put in place a barrister’s CFA whereby the barristers fees are met in a similar way to those of your solicitor under a no win no fee agreement.
Are there any other types of inexpensive solicitors costs legal funding agreement?
There are many other types of solicitor fees legal funding agreement – click fee no no win to see the page I have written setting out the most common types of funding arrangement.
Summary Of No Win No Fee Costs Agreements
On this page you have discovered what no win no fee costs agreements are; how they ensure you do not pay any solicitors fees if your personal injury claim is not successful and how the majority of your legal expenses / solicitor fees are payable by the other side in the event of success (for no win no fee agreements dated after the 1st April 2013 – the losing party no longer has to pay all of your legal costs when you win your claim, so your solicitor is entitled to deduct up to 25% of your compensation payout to offset unrecovered legal fees).
If you would like to make a claim, have a question or would like to make use of my website’s free legal help click fee no no win