There are several ways you can fund your claim, and we will help you choose the most appropriate way for you. We will work with you to keep your bill to a minimum if you are successful, and reduce or eliminate the risks of you having to pay anything if you are not successful.
The phrase “No Win, No Fee”, also known as a Conditional Fee Agreement (CFA), is well associated with personal injury claims and simply means that if we are not successful in winning your claim for compensation, then generally you will have no legal fees to pay.
If you are successful, then the other side is required to pay your basic costs of the claim. There may be additional costs for you to pay out of your compensation, but it is guaranteed that these costs will never be more than 25% of the compensation you receive for your injuries and past losses. In practice, this means that you will always keep at least 75% of your compensation after paying your bill.
If you are not successful in your claim, unless you have brought a fraudulent claim or acted in an improper way, then you should not have to pay the other side’s costs. You may have to pay your own side’s costs if you lose, but by using an option like a No Win, No Fee agreement, you can avoid that risk.
There is a risk that if you refuse a settlement offer from the other side during your claim and continue to Court, you could be awarded less than the other side initially offered. In this situation you may be liable to pay some of the other side’s costs, which could be all of your compensation. There is no need to be concerned, as this is part of your journey with us and we will help you choose the most appropriate funding option to reduce this risk. We will also keep you up to date with any offers made from the other side, and advise you accordingly.
There are several funding options available, including No Win, No Fee arrangements, Community Legal Service, private funding, Before the Event Insurance, third party funding or damages based agreements. We know that funding arrangements can appear daunting, so do not be afraid to discuss this with us when you contact us and we can explain them further in detail, and advise as to the best option for you.