Claims for Broken / Fractured bones can fetch up to £86,500
Claims for Burns and Scarring can fetch up to £62,500
Claims for Criminal injury can fetch up to £250,000
Claims for Muscle soft tissue injuries can fetch up to £95,000
Claims for Whiplash can fetch up to £16,000
The term "No Win No Fee" has become synonymous with personal injury and accident claim organisations over the past few years. But what does the terms actually mean, and how does it work?
A Conditional Fee Agreement (CFA) is the agreement between a law firm and its client. It enables a solicitor to take on a personal injury case, with the understanding that should they lose the case, the client will not pay for their services. This has become known as No Win No Fee.
If the client is successful in court, their solicitor will be entitled to their standard fee, plus an additional payment, known as a 'success fee', which cannot be greater than 100 per cent of the solicitor's standard fee.
If you win a No Win No Fee personal injury case, damages will be awarded by either the losing party's insurers, or the Courts. The other party's insurers will also be required to pay your legal costs, including any uplift of fees and any expenses you may have incurred. Make sure you keep a record of these throughout the duration of the procedure.
No. With the majority of CFAs, you will have nothing to pay and will get to keep ALL of the compensation awarded by the court.
In the unlikely event that you lose a No Win No Fee personal injury claim, or it is discontinued, you are protected by After the Event Insurance (ATE). This is a special type on insurance policy available, and it will usually be obtained by your solicitor after you enter into a CFA. AFE is designed to protect you from the risk of legal costs that could potentially be incurred should you be unsuccessful in your No Win No Fee personal injury claim.
Don't worry, if for some reason you are unable to take out ATE, there are other alternatives to help you proceed sensibly with your No Win No Fee personal injury claim.
Before you proceed with your No Win No Fee personal injury claim, you should check with your current insurers whether you are already covered for Legal Expenses Insurance. Often referred to as Before the Event Insurance (BTE), many policies cover this already as part of Household contents or Car Insurance. Additionally, some credit cards also include BTE insurance. It is important you make sure you have BTE insurance when making a No Win No Fee personal injury claim, as it will cover all the costs, whether you win or lose.
A recent report found that 48 per cent of claimants were covered as part of their car insurance policy, 35 per cent as part of their Home Contents insurance, and 17 per cent were covered as part of their travel insurance.
Another financing option open to help fund your No Win No Fee personal injury claim is Legal Aid. This is a service offered by the Government, and although it is rare for it to be awarded in No Win No Fee personal injury claims, it has be awarded in the past for extreme circumstances. However, if you're No Win No Fee personal injury claim involves Clinical Negligence, then Legal Aid is available to you.
Contact our experts for a free consultation, and we can quickly tell you whether you have a case or not... and remember you don't pay us a penny if you don't win your case - so what have you got to lose?
The service I received was excellent and I am extremely happy with the compensation that I received. I will definitely recommend you to family and friends.
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www.claimsregulation.gov.uk