We’ve all heard about ‘no win, no fee’, but it’s still something which is relatively misunderstood, so this article will tell you more about what it is, where it came from and how it can help you make Somerset personal injury claims.
‘No win, no fee’ Somerset personal injury claims
Also known as the Conditional Fee Arrangement ‘no win, no fee’ came into being back in the 90s when the government did away with legal aid for the vast majority of personal injury claims. To soften the blow they brought in the concept of ‘no win, no fee’. Law firms could waive their fees if they lost their case. However, to encourage more firms to offer this, they increased the amount that they could charge to approximately 24% of any compensation arrangement. Therefore, the first thing to know about ‘no win, no fee’ is that in theory it means you pay a little more than with a traditional payment structure, although this is not always the case.
Paying for your fees
The way in which law firms charged for their services has changed over the years. Initially it was the client who paid by offering up a cut of any compensation arrangement. This was a good way of working because it meant legal fees couldn’t outstrip compensation fees, but it did mean that people were being effectively under compensated because they claimed compensation, which is naturally not something you’ll be too happy about.
To remedy this, lawyers were allowed to claim their fees from the other side if they won a case. However this led to fear that making claims was becoming too easy. Although there was not much evidence to support this, we reverted back to the old system in which lawyers claimed compensation from their clients. As such you’ll normally have to factor in that 25% fee when considering making a claim.
Getting the right law firm
It’s also important not to make your selection based purely on the idea of no win no fee. There is so much more to consider such as their track record and the type of claims they are used to working on. You don’t want to be working with people who have no history of working on your type of accident, which is why you need a specialist.
Most law firms will not have specialists on their books to cope with every eventuality which is why they often have to be selective about who they work with. However, if you come to Accident Advice Helpline, we have so many lawyers here that the chances are we can find someone who will be suitable for your needs.
So if you’d like to know more about how we can help with Somerset personal injury claims, give us a call on 0800 689 0500, or 0333 500 0993 from a mobile.
Alternatively, you could visit www.accidentadvicehelpline.co.uk for more information.
Date Published: 21st September 2014
Author: David Brown