The importance of a No Win, No Fee condition from a legal prospectiveSo what does “No Win, No Fee” really mean? I know you hear all the Major claims management company’s such an accidents advice bureau mentioning it on television advertisements, or even web commercials, and by now everybody will have heard the term “No Win No Fee”.
However although the phrase is self explanatory, because it is used so often people may forget the meaning and just remember the word as another catch phrase. Yes indeed it is a catchy phrase, but the phrase derives from an important message. It means if you don’t win, then you don’t pay the fees! Hence the phrase “No Win No Fee”
So in terms of legal prospective, it is very important that clients seeking legal help ensure that they do so from solicitors firm’s that offer a No Win, No Fee policy. There are two very important reasons for this. The first of which, is the fact that the solicitors fees are extremely high and therefore choosing a company that doesn’t offer a no win, no fee deal, can end up being a very expensive mistake, IF you lose the case! Did you know that the fees for an injury compensation case can run up to a rough figure of £1500? So why would anybody take the risk? Well the truth is, nearly nobody will, unless they are wealthy and can afford to pay for one themselves. However in the unlikely event that you are not a multi millionaire that can afford the best lawyer money can buy, you would most likely go for a no win, no fee claim. Injuries differ in terms of types; and each injury type comes with its own price tag. Not to mention other relevant information that is used to calculate Injuries Compensation.
So why do people take the risk by paying for a lawyer rather then choosing a no win, no fee option? Well it’s simple really, as IV mentioned above, the term “no win, no fee” has been used so many times that people forgot the initial meaning and just remember it as a meaningless catch phrase. Its not that people would rather pay for a lawyer instead of going for the no win, no fee option. It’s more to do with people not knowing the option is available to them. So go forbid if you ever acquire an injury from work or suffer from medical negligence and feel as though you’re entitled to a claim. Make sure you remember the term “no win, no fee” applies to you!
If you have been injured due to the fault of another, then you may have a claim for compensation. To find out how to claim for compensation and how much compensation you may be entitled to, visit our claim estimator