When it comes to making a personal injury claim, one of the most important things to consider is how you will fund your case. After all, taking legal action can be costly, and if you don’t have the right funding in place, you may find yourself struggling to cover the costs.
No win no fee arrangements can be extremely beneficial for claimants, as they provide access to justice regardless of their financial situation. However, it’s important to remember that not all no win no fee solicitors are the same. Some may charge hidden fees or have strict conditions in place, so it’s always worth doing your research before you choose a solicitor to work with.
No win no fee agreements have become a popular way for personal injury claimants to pursue compensation. But what exactly are they and what do you need to know about them? Stonehewer Moss Solicitors we will explain everything you need to know about no win no fee agreements, including how they work and the pros and cons of using them.
No win no fee agreements, also known as conditional fee agreements, are a type of arrangement between a personal injury claimant and their solicitor. Under this arrangement, the solicitor agrees to take on the case without charging any upfront fees. Instead, they will only charge a success fee if the claim is successful. This means that claimants can pursue compensation without having to worry about expensive legal fees.
When pursuing a personal injury claim, there are a number of other costs that may be involved. These can include medical expenses such as doctors reports and rehabilitation. Other expenses can include travel, motor engineer reports and court fees, In some cases, it may also be necessary to hire a barrister to help with the claim. The amount of compensation that you may be entitled to will depend on the severity of your injuries and the circumstances surrounding the accident. However, it is important to keep in mind that personal injury claims can be complex and time-consuming.
After the event insurance (ATE) is insurance that is taken out by a solicitor on behalf of their client. This type of insurance covers the claimant’s legal fees and disbursements if the claim is unsuccessful.
Solicitors will often take out ATE insurance when pursuing a no win no fee agreement, as this means that their client will not have to pay any legal fees if the claim is unsuccessful. This can make pursuing a claim much less risky for claimants, as they will not have to worry about expensive legal bills even if their case is unsuccessful.
If your claim is successful, typically you would pay 25% of the compensation amount recovered, although this will be subject to your individual circumstances and the actual fee may be more or less than this.
Simple, you don’t lose a penny.
The only exception to this is if the court find you to have acted dishonestly or maliciously when making the claim. If the court finds this to be the case then you may be liable to pay.
When you’ve been injured in an accident that wasn’t your fault, you want to be sure you receive the compensation you’re entitled to. And while there are many personal injury solicitors out there to choose from, picking a local solicitor in Northwich has a number of advantages. First, they will have a strong understanding of the local area and the courts.
This can be crucial when it comes to building your case and ensuring it’s as strong as possible. Second, they will be able to meet with you in person to discuss your case.
This can be vital for putting your mind at ease and ensuring you have all the information you need to make a decision about whether or not to pursue a claim.
Finally, they will have a good track record of winning cases in Northwich, meaning you can be confident they will do everything they can to get you the compensation you deserve. So if you’re looking for a personal injury solicitor in Northwich, be sure to choose one with experience, knowledge, and a proven track record of success.
If you have been injured through no fault of your own, and are considering using a no win no fee agreement, we encourage you to get in touch with one of our experienced personal injury solicitors. We can help you to understand the costs involved in pursuing a claim, and can advise you on whether or not a no win no fee arrangement is the best option for you. Contact us today to find out more.
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