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What Is No Win No Fee?

By November 5, 2013General
What Is No Win No Fee?

What Is No Win No Fee?There is a statistic that says only 33% of people involved in an accident actually go forward and make a no win no fee compensation claim.

The main reason given by people that have not made a claim is that they don’t know exactly what it is or what it involves.

Whilst you actually don’t have to fork out any of your hard earned money to make a claim of no win no fee Scotland, the actual meaning of the term is something very different.

Here we will talk about some of the main misconceptions people have so that we can help people that would like to make a claim but don’t know how to go about it.

It is NOT true that if you win your case you don’t have to pay anything. Some companies will have you think this is the case, but it simply is not.

No win no fee essentially means if you lose, you won’t have to pay YOUR solicitor – but you may still have to fork out for the opposing solicitor and the costs for you and your adversary, which include court fees, medical fees and much more.

These costs could be made to be paid up front, so make sure to check with your solicitor before agreeing to anything.

With some legal companies, whether you win or lose, they will take out after-the-event insurance on your behalf which will cover you for your costs, your opponents cost’s and also their legal fees.

Some people also think that they will not have to pay anything if they win their no win no fee case. This is false; a no win no fee agreement simply has no effect on what you pay if your claim is successful, it just means you won’t have to pay your solicitor’s fees if your claim is not a success.

The no win no fee agreement also entitles the personal injury solicitor who undertakes your case to a success fee. This will either be deducted from your compensation award or paid by your opponent. Check who will be eligible to pay the success fee with your solicitor before you enter into an agreement.

But there are companies that will not take a deduction from your compensation, so it’s a good idea to find one of them legal teams.
Now that you are a little bit more aware of the process, make sure you find the right people for you.