Important Information About Compensation Claims
Individuals who live in the United Kingdom and want to submit personal injury or compensation claims must know that in order to secure the best outcome you must have suffered a financial loss and/or pain and suffering. Generally a solicitor who agrees to take on your case has set up a no win no fee program. What this essentially means is that a solicitor does not collect any of the fees he or she would ordinarily assess you for his or her services during a civil case or hearing in which you are seeking monetary damages. The fees are also called conditional fees because the primary condition is securing a win in court in which monies are paid. This conditional fee is a part of a contract that the solicitor and you the client have with each other. Payment to the solicitor is contingent upon him winning your case for you. The types of compensation claims where this type of fee structure is offered are generally, personal injury claims but can also include divorce, breach of contract, or any other non-criminal claims.
Compensation Claims – Solicitor Fee Structure
The solicitors who are successful in securing a favourable verdict for their clients will then will receive a fee from the recovery. Needless to say, if the solicitor is unsuccessful the client has not lost anything in terms of personal finances. This type of payment arrangement can be very beneficial for a person who may not have the money, up front, to hire a solicitor. Please note that the no win no fee structure can differ depending on where you live. Take for example in the United States, lawyers or solicitors are only allowed to charge what was reasonably and what the client and his or her representation has contractually agreed to for accident claims. In the United Kingdom, solicitors can charge their normal fee in addition to what is called a success fee, which is a bonus for winning the case.
Compensation Claims – No Win No Fee Solicitor Incentive
Generally when a solicitor decides to take on compensation claims cases and no win no fee is guaranteed it is because there is sufficient evidence that could lead to a win. For the client, this type of fee structure should give you some type of comfort because you know that the solicitor to put forth his best effort because if he does not win he does not get paid and it would be similar to him working for nothing. However, there is a downside to no win no fee solicitors; just because a solicitor advertises those services does not mean he will take on your case. Just because you feel your claim is valid does not mean that the evidence supports it. Consequently, there would be no incentive for the solicitor to take you on as a client. If he does, in spite of the lack of evidence, he would be taking on a big risk.
Compensation Claims – Next Steps
If you need an immediate response to a specific situation or have questions beyond the scope of the information on this page, talk to a compensation claims specialist. Submit your contact information using the form below. Once the information has been verified, a compensation claims specialist will be in touch with you.