No win no fee
How does it work?
- We tell you whether your case is likely to win or lose.
- If we think you are going to win we may agree to carry out all the work on your case without being paid unless and until you win, or partly win, your claim.
- If you win or partly win we charge our usual fee (which we call 'basic costs') and a percentage success fee in addition to compensate us for the risk we have taken and the delay in being paid - this percentage is agreed at the outset and is based on the amount of the basic costs not on the amount of compensation recovered.
- The basic costs are payable by your opponent if you win
- The success fee comprises two parts
- The risk element - this is paid by your opponent and is the larger part
- The delay element - this is paid by you. Sometimes we agree the delay element can be nil.
- To make sure there is no risk of you having to pay anything if you lose we can arrange 'After The Event insurance' to protect you from having to pay your opponents legal costs. The premium for this policy can generally be recovered from your opponent.
- A formal 'Conditional Fee Agreement' is prepared and signed by you and us to record all the details.
It is always our intention that our clients receive the maximum benefit from their compensation.