This is a question we are frequently asked, as we appreciate you won’t want to be worrying about legal bills as well as your health. 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.
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 bought a fraudulent claim or acted in an improper way, then you should not have to pay the other side’s costs if you lose the claim. 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 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 this 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.