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What Percentage Do No Win No Fee Injury Claim Solicitors Take?

Why should you Choose the right No Win No Fee Injury Claims Solicitors?

The stress of personal Injury can be quite high without the worry of where to find suitable no win no Fee Injury Claims solicitors and uncertainty about costs. Especially in the event where no legal cover is present. This is exactly what no win no fee is for. Under this agreement, there are virtually no upfront costs to making a claim and in most cases costs are recovered from the claim amounts. But there is more to the details of such an agreement, and this is what we wish to uncover with you today.

What is No win No fee?

The concept of no win no fee was introduced in 1990 by the Courts and Legal Services Act.and since has played a pivotal role in the way clients can benefit from affordable legal counsel. The no win no fee was implemented by injury claim solicitors in 1995 for the first time in England and whales and 3 years later in 1998 it was extended to feature in all civil cases as well. The main idea behind this type of agreements is that the no win no Fee Injury claims solicitors will receive their fee is the case is settled successfully or won in court. The agreement states that your legal representative will be paid for the hours worked as well as a pre-established “success fee”. This can be as much as 100% of the original costs.

What Percentage Do No Win No Fee Injury Claim Solicitors Take?

It is common practice for injury claim solicitors handling your case to recover the costs of their services from the compensation payout received after the successful completion of the claim. Such a fee is calculated as a percentage and is normally stipulated in the now win no fee agreement which is also known as the conditional fee agreement (CFA). This can vary from 10% to a maximum of 25%. Sometimes administrative fees as included and sometimes calculated above the agreed percentage so it is always a good idea to consult your legal representation carefully about these provisions. Your agreement will also stipulate the recourse of fees in the event where a case is lost. These fees might include the costs of the opposition, court fees as well as any other administrative figures incurred during the handling of your case. Many solicitors also take out insurance to mitigate the risk of failure, so be sure to find out if that is done or otherwise you may want to consider obtaining insurance for this very reason.

In Conclusion

It is our belief that knowledge is power, and in this case even more so. As we cannot provide a definitive percentage because every case is unique, we can help you find the Best personal injury lawyer that can help you along the road to making a claim successfully. For further information A Few Tips on How to Choose the Right Personal Injury Solicitor for You can help you make choose the right legal representation to get the compensation you deserve. 


This post first appeared on What Are The Timelines Of A Personal Injury Case?, please read the originial post: here

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What Percentage Do No Win No Fee Injury Claim Solicitors Take?

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