People who suffer accidents lead a stressful life. They are not only tense about their injuries and mental trauma, but also the financial loss they face. What causes more concern is the fees they have to pay to their lawyers, if they want to file a claim for compensation. However, the no win no fee system came as a great relief for all those who want to have justice and legal aid.
Also known as the contingent fee agreement, this came into existence in late 90s.Under this kind of settlement, a solicitor does not get fees if he loses the case, however, if he wins the case he is permitted only to take his success fee or legal fee, that too from the trailing party or their insurance company. This kind of accord helps reducing the financial pressure on the claimant. As he gets back his full compensation and also does not have to pan a single penny. Our website provides info on no win no fee agreements
The interesting fact is that before 1998, legal help under this clause was available only to few eligible claimants; others had to shell out money from their pockets. However, post 98, this monetary load was removed from the shoulders of the plaintiff and people could go for no win no fee solicitors for most of their personal injury claims.
Any injury lawyer you meet for your claim should offer you the contingent fee agreement. Although, conditions and situations for all claims might be different, yet it is important that your solicitor speaks and discusses with you about your compensation claim, without any compulsion and requirement from your end.
There is no denying that this kind of settlement between a plaintiff and a lawyer, gives you an entry to courts, and you don’t have to worry if you can afford the solicitor’s fees or the costs of civil proceedings and lawsuits. However, it has its own set of positives and negatives. The biggest plus point is that that you don’t have to shell out a single penny on the lawyer. You will not have to bother about the legal fees. The solicitor fighting your case has a very strong inspiration, drive and enthusiasm to win your case.
There are not too many drawback though, the major being that , because the solicitor will not be sure about how tricky the case can get, he might end up being in charge of the things, and he might decide the direction of the case and related things.
The fact can not be overlooked that once you enter this deal, you are ought to find both the advantages and the drawbacks of the no win no fee concord. But then, there is no denying that it is always better utilized in certain cases. It is always better to make this decision after thinking about the interest and profit of the offending party.