No Win No Fee Solicitors -All You Need to Know

The no win no fee solicitors are, as the terms probably suggest, the lawyers who don’t get their commissions unless they win your case. In other words, if you make a compensation claim, hire a lawyer who doesn’t win it for you, he doesn’t get anything. His commission will actually come from the compensation he manages to obtain representing you.

The no win no fee arrangement is a way for people who wouldn’t afford a lawyer otherwise to get represented. Although, it is not that simple as it sounds. “No win no fee” might suggest that you really don’t have to pay anything, which is not the case. You have to know this before going into a legal procedure that may surprisingly cost you money. If it comes to that, you need to give that money, and more importantly, to have them.

So what exactly are those risks? Well, basically, the risks occur when the no win no fee solicitor doesn’t win the case. It may come as a surprise for you, but you will find yourself in the unpleasant posture of having to pay your opponent the costs of going through a legal procedure. These costs may vary, but they may be as much as a few thousand pounds. So, be aware of everything that could happen. Your solicitor should tell you this from the start, but it’s a little piece of advice I give you also just that you know the waters you’re swimming in.

However, the risks of losing the case may be well worth it if you win the case. Depending on the nature of your injuries and the damage your belongings suffered, this compensation may vary from a few thousand pounds to even a hundred thousand pounds or more, that’s for really serious injuries of course.

The no win no fee solicitors have two types of commission when they manage to win the case. The first one is the basic fee. This is a pre-determined fee, the amount of which will be told from the start. Along with the basic fee comes the success fee, which is actually a percentage of the basic fee, and is like a bonus for your lawyer when he wins the case. However, an estimate of the amount of money you will likely have to pay is made before proceeding with the case. Also, it’s worth mentioning than in many cases those fees may be paid by your opponent. The conclusion is that the no win no fee is a much more financially relaxed way to make a claim, but it’s not entirely cost-free.

A good idea to reduce the financial risks of such a procedure is the insurance. And there is actually a special kind of insurance called “after-the-event” (ATE) insurance. This is an insurance which can be made when you are in a dispute and it covers the risk of having to pay your opponent’s legal fees.

It all comes down to your motivation of pursuing with the claim. If you feel that the injuries you suffered can not be overlooked that easily, I recommend you to proceed with your claim. The no win no fee solicitors are there to help you. Many people have a natural tendency to avoid taking legal actions, but on many occasions, a good solicitor will solve your case without the need to go to Court.

Although the “no win no fee” term is not as straight-forward as it sounds, this sort of arrangement can certainly help you a lot in your procedures. It has been introduced recently, and many people still don’t know about it. It also created some controversies which regarded the biased approach an attorney might have when working under such an arrangement. The truth is that if you have the financial means to cover the eventual losing expenses, there really isn’t any reason no to do it. The injuries you may have suffered in the accident which was another person’s fault can have long-term repercussions, and nobody has to live with them but yourself. The medical bills need payment, but those are the least of your concerns. An accident can cause physical as well as mental trauma that need compensation. And getting that compensation is really the thing that the no win no fee solicitors excel at.

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