A simple guide to No Win No Fee
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By :
Jamie Hanson
Submitted
2010-02-20 17:48:29 |
Is it possible to claim for compensation after an accident or medical carelessness without paying anything to your solicitor? Yes, with No Win No Fee agreement, which is also known as conditional fee agreement, enables to claim for the compensation for free. You are only liable to pay your solicitor's fees if you win the compensation. However, if you do not win the case, where you are not at fault, you are exempted from paying the solicitor's fees. Your solicitor is ready to take the risk and claims for compensation on your behalf. The fees charged by your solicitor, that is, his basic fees (fees fixed by the County Court) and success fee, an extra amount that is charged by your solicitor to take the risk of not winning the case, is paid by your opponent. Thus, you don't have to pay any fees to your solicitor for claiming your compensation amount.
But you must be aware about these 5 things before you enter into a no win no fee agreement:
- Your solicitor claiming compensation should be experienced enough to let you know if you are eligible to succeed in claiming the amount. He should be skillful and experienced to know the chances of success of accident compensation claim.
- If you take legal assistance in advance, chances of winning are higher as investigation for compensation claim starts immediately. Thus, as soon as you meet an accident, you should take advice from your no win no fee solicitor immediately.
- You should also know the additional costs that are involved while claiming the compensation case. If you appoint a barrister and collect all your medical reports to claim the amount, you need to pay high fees. But if you appoint a solicitor, you are charged all these fees later on after you have won the case. If you win the case, even these fees are charged by your opponent.
- You need to gather all the evidence as these are essential documents while claiming your compensation amount. Your medical records, personal information as well as witnesses and the notes of circumstances at the time of the incident, should be available as these are quite helpful to increase your chances of winning the claim. However, all these records and notes about the incident should be suggested to you by your no win no fee solicitor.
- Your no win no fee solicitor should suggest you to buy an 'after the incident' insurance policy. This will protect you from the costs involved if you lose the case that you are obliged to pay your opponent. Thus, you need to be prepared for the costs incurred if you lose your compensation claim.
It is indeed a traumatic experience if you meet a severe accident. Thus, you should always claim compensation so that you get financial help. The amount of money you deserve may help you soothe your financial problems. So, contact an experienced no win no fee solicitor as soon as you meet an accident, who helps to considerably improve the chances of winning the compensation amount.
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Author Resource:-
Contact an experienced No win no fee solicitor at first4lawyers.com and maximize the chances of winning the compensation claim.
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