Make A Claim – How Much Will It Cost?August 29, 2016
In the United Kingdom, 99 per cent of personal injury claims are processed on what is called a ‘conditional fee agreement’. You probably know this type of agreement better by its other name, which is ‘no win, no fee agreement’.
‘No win, no fee’ was introduced into the UK in 1995 to level the playing field for people who had been injured in an accident through no fault of their own, but could not afford a lawyer to represent them. In other words, ‘no win, no fee’ was introduced to help people seek justice following an accident without having to worry about upfront costs or expensive legal fees. To this end, ‘no win, no fee’ has been a resounding success.
How much will a claim cost under ‘no win, no fee’?
Under a conditional fee agreement, the claimant should have no legal fees to pay upfront nor during the claims process. So, you can bring a personal injury claim forward without any money leaving your bank account.
At this stage, you’re probably wondering how your lawyer gets paid if not by yourself? Well, the answer is simple – your lawyer will only be paid if your accident case wins. If your case is successful, then your lawyer will recover their costs in one of two ways:
- They will either recover their costs from other side, leaving you with 100 per cent of your compensation, or;
- They will take a percentage of your compensation as payment for their services. By law, this cannot be more than 25 per cent of the total claim value.
Sometimes, a lawyer may be able to reduce the percentage they take from your compensation, by recovering a certain amount from the other side. Which of these applies to you should be clearly explained to you before you sign any paperwork.
Get legal advice following an accident
If you have been injured in an accident, then you may be eligible for compensation. You should seek specialist legal advice from a law firm such as Accident Advice Helpline (enter site) under the circumstances, so that you may become better informed about your rights.
You could be owed several thousand pounds for your accident, although the amount of compensation you may be entitled to is influenced by several factors. These include the extent of your injuries and how your injuries have and will affect your life, your age and your gender, and also your level of financial loss related to your accident; the latter because you can also claim back lost income, and any related out of pocket expenses. To find out how much you could claim, you should contact a reputable law firm today for advice.