What Is A No Win No Fee Success Fee?
Our free guide is here to help you understand everything you need to know about a success fee and how no win no fee solicitors act for you.
When you are planning to start a personal injury compensation claim, there can be a lot of jargon. It is essential that you understand what is being discussed, because you are the one who will have to make the decisions about whether to start your personal injury compensation claim, which personal injury solicitors to ask to help you with your claim and whether to accept any compensation payments you are offered. We will always be as clear as possible with you and make sure that you fully understand the legal terms that we are describing.
One such piece of jargon is the term ‘success fee’. You may see both Success Fee and Conditional Fee Agreement (CFA) used interchangeably with the more common No Win No Fee agreement. All three terms mean the exact same thing. If you are considering making a personal injury compensation claim, it is important to consider how you will fund it. Choosing a funding option based on a success fee means that you will never find yourself in a situation where you are left worse off as a result of making your personal injury compensation claim.
If you are considering making a personal injury compensation claim, call us on 0121 565 4317 or claim online to arrange your free, no obligation consultation. We will listen that what has happened to you and then give you the best possible advice. This includes working out whether you are eligible for a success fee based approach to funding your personal injury compensation claim.
How Does A Success Fee Based Personal Injury Compensation Claim Work?
One of the biggest concerns people have about making a personal injury compensation claim is that they might not be able to afford the legal fees. We appreciate that the time immediately after an accident can be difficult in many ways, including financially, especially if you have suffered a loss of earnings as a result of your accident or injury. We believe that you have the right to high quality legal advice, no matter what your financial situation. As a result, we offer our services on a success fee (no win no fee) basis to the majority of our clients.
When you make a success fee agreement with us, it allows us to begin to work on your behalf without you having to pay anything up front. This means that you do not need to find the money for legal fees out of your household expenses. Fees will only become due if and when we are able to win your case and get you the compensation you deserve.
If we are unable to win your case for you, you will not have to pay anything. This means that we are accepting the risk of not receiving any payment for the work we have done on your case if we are unable to get you the compensation we believe you deserve.
You will only be responsible for paying our fees once the amount of compensation has been agreed. A more traditional legal fees arrangement, where you were to pay per hour for the services of a personal injury solicitor, could easily lead to legal fees that far exceeded the compensation awarded. It is important to us that you are always the major beneficiary of your compensation payment. A success fee arrangement allows us to ensure that this is the case, as our fees are capped at a percentage of your compensation, meaning that you will always receive the vast majority of your compensation payment.
Am I Guaranteed To Be Accepted For A Success Fee Agreement?
We believe strongly that your ability to get expert legal assistance with your personal injury compensation claim should not depend on whether you are able to make an up front payment. As a result, we offer our services on a success fee or no win no fee basis to the overwhelming majority of our clients. Unfortunately, this is not always possible. There are some types of cases or situations that we may not be able make these offer on. One of the most common areas where we are unlikely to be able to offer a success fee arrangement is if your claim is for medical negligence. These cases are often highly technical and may require a different funding model.
If your personal injury compensation claim is one of the rare cases where we are not able to offer you our services on a no win no fee (success fee) basis, we may be able to offer alternative funding plans. We will always do our best to offer you our expert legal advice in a way that is safe and affordable.
If you are unsure whether you may be eligible for a success fee arrangement for your personal injury compensation claim, or if you are ready to make a claim, call us now on 0121 565 4317 or claim online to arrange your free, no obligation consultation.
What Is The Process Of Making A Success Fee Personal Injury Compensation Claim?
Once you have signed a success fee agreement with us, we are able to act on your behalf in progressing your personal injury compensation claim. We will then write to the person responsible for your accident or injury, letting them know that you are making a claim for compensation following a personal injury. They will then have a set amount of time to let us known whether they are accepting that they were at fault (this is known as accepting liability).
In many cases the other party does not immediately accept liability. This is nothing to worry about. We will collect an array of evidence to support your belief that they were to blame for your accident or injury. This could be in the form of photographs, witness statements or expert testimony from people with experience in health and safety relating to your specific injury. Once we have enough evidence, the majority of people or organisations will accept liability. In the rare cases that they do not, we may need to go to court to prove that your accident or injury wasn’t your fault and that the other party was careless or negligent with their responsibilities.
Once liability has been established, the solicitors for the other side will make an offer for how much compensation they are willing to pay. You are never under any obligation to accept an offer. It can be hard to know whether an offer is fair or not, but we will be able to explain any factors in your case which make an impact on the amount of compensation you should receive. We will let you know whether we believe that an offer of compensation is fair or not, but accepting it will still be your decision. Before you decide whether to accept an offer of compensation or not, we will make sure that you are aware of exactly how much you will receive, once our success fee has been deducted. This is important, as it is the only way in which you can any unpleasant surprises when your compensation arrives.
If you are considering making a personal injury compensation claim on a success fee basis, call us on 0121 565 4317 or claim online
How Much Compensation Will I Receive If I Make A No Win No Fee Claim?
It is not possible to give an accurate estimate as to how much compensation your success fee based personal injury compensation claim might attract without knowing the specifics of your case. In general terms, however, your compensation can be thought in two parts.
The first part is the compensation based on the pain and suffering caused by the injury itself. The amount of compensation that is available for different injuries is set by the Judicial College (a national regulating body). This gives broad ranges of amounts that can awarded for different injuries to each body part. It is also possible for you to make a success fee claim for multiple different injuries sustained in the same accident.
This is only the first part of your compensation payment, however. The other aspect that must be taken into consideration is how much it will take to get your life back on track. The purpose of compensation is to help you get as close as possible to the situation you were in before your accident happened. This part of your claim would include any loss of earnings you may have had as a result of your accident or injury, the loss of future earnings, if you are unable to continue in your previous career as a result of your injuries and any modifications you may require to help you adapt to your new life. This could include adapting your home or paying for a carer so that you are able to continue to live independently. In many cases, this part of the compensation award can far exceed the amount given for pain and suffering according to the Judicial College guidelines. Our years of experience mean that our expert personal injury solicitors are able to highlight areas where you are making costly changes to your life that you deserve to be compensated for. This enables to make sure that you receive the full compensation you deserve.
If you would like a more accurate estimate of how much compensation you might be due following your personal injury compensation claim, call us on 0121 565 4317 or claim online to arrange your free, no obligation consultation.
Why Make A Personal Injury Compensation Claim On A Success Fee Basis With Us?
We offer a straightforward, professional service aimed at getting you the compensation you need quickly and efficiently without complicated jargon or excessive form-filling. Our friendly team will take the time to understand the nature of your claim and the impact it has had on your life. Once we understand your unique circumstances, we can make sure that we put in the most appropriate claim, getting you the compensation you need to get on with living your life. If you have suffered and accident or injury and are considering making a personal injury compensation claim, call us on 0121 565 4317 or claim online. Our expert team of personal injury solicitors are waiting to take your call.