A No-Win No-Fee arrangement – also known as a contingency or conditional fee agreement (CFA) – ensures you don’t need to worry about paying upfront legal fees. Put simply, if you don’t win any compensation, you won’t need to pay any of your solicitor’s costs.
These type of agreements came into existence in 1995 with the end of the availability of Legal Aid in personal injury cases.
As the result of recent Government legislation, the way in which no-win, no-fee arrangements operate has changed.
If your claim is successful, you are required to make a contribution to your solicitor’s costs taken from the compensation awarded to you. This contribution, known as a ‘success fee’, will never be more than 25% of your compensation.
Any other costs are known as disbursements. These can include medical reports and court fees. In a successful claim, these costs will be covered by the losing party, but you may be responsible for paying in some circumstances.
Generally, the loser has to pay the winner’s costs and disbursements. Therefore, it is important your solicitor takes out insurance against the risk on your behalf, which is known as ‘after the event insurance’. The benefit of this will be that should you lose your case, your disbursements will be paid by the insurance providers.
Barristers may agree also to work on the basis of a Conditional Fee Agreement, and in practice this is the normal way in which we involve counsel in cases, however it should be noted that experts can’t work for clients in this way.
For more guidance and information on no-win, no-fee funding please see the Law Society’s web page.
We are happy to advise you about your claim and whether or not it has merit and reasonable prospects of success. We are able to offer a fully insurance protected No-Win No-Fee conditional fee agreement and will explain to you the best options available for funding your claim and how your case should be best pursued.
We will investigate your case quickly and advise you concerning your entitlement to compensation and assistance. If possible we will obtain an interim payment of damages for you.
To find out more, call us on 01473 298125 or complete our online enquiry form.
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