No Win No Fee Claims
What does no win no fee claim mean?
The term no win no fee claim has become common in recent years and is most associated with personal injury claims, although no win no fee can also applied to other types of compensation claims. No win no fee was first introduced in the UK in 1995 and is the term used to describe a conditional fee arrangement (CFA).
So what actually does no win no fee mean? As the name suggests, a no win no fee claimmeans that if your personal injury claim is not successful, you do not pay your solicitor a fee. Your no win no fee solicitor will only receive a fee for their work if your no win no fee claim is successful. If your no win no fee claim is successful, your solicitors fees should be paid in full by the third party. However, there are a few rare occasions when this is not possible, which your solicitor would discuss with you before taking on your no win no fee claim.
Question: If my no win no fee claim is not successful, who pays the solicitor cost of the other party?
Answer: Although with a no win no fee claim you would not have to pay your solicitor a penny if the claim is unsuccessful, you would still be liable to pay the costs of the other party. To protect you against these costs an insurance policy would be taken out on your behalf as part of your no win no fee claim. This insurance policy is known as ‘after the event’ insurance. This covers the solicitor costs of the other party if you lose your no win no fee claim. But don’t worry, you do not have to pay a penny towards this insurance policy.
If you would like further information about the process of making a no win no fee claim, or if you have had an accident and would like to actually make a no win no fee claim, contact our solicitors today for a free consultation.
We have a panel of nationwide solicitors that all provide a no win no fee service. In the vast majority of cases our solicitors can also guarantee you keep 100% of your compensation, so your no win no fee claim will not cost a penny whether you win your case or not.