No Win No Fee
Unsurprisingly, solicitors firms tend not to promote No Win No Fee for fear of jeopardizing their income streams from Personal Injury* and medical negligence clients who pay them by the hour! However, there are reputable solicitors firms out there prepared to act for clients on a No Win No Fee basis.
Getting the right solicitors firm to handle your Personal Injury claim is crucial and yet this is where many clients fall at the first hurdle. They will often turn to a solicitor they first used when setting up their company or have previously used for a family matter, such as a will. While these solicitors will have delivered a solid service, they are unlikely to have the experience and resources to handle a Personal Injury claim, and would almost certainly not a No Win No Fee claim.
Finding a solicitor willing to act in a No Win No Fee claim can be difficult; however, specialist claims companies are making it easier for clients to access good solicitors that have the experience of doing these types of cases. These claims companies operate a bit like a match making agency and upon establishing the basic details of your potential Personal Injury claim they will introduce you to one of the solicitors on their books at no initial cost to you. Typically, they will have access to some of the best solicitors in Ireland, all of whom are willing to work on a No Win No Fee basis.
It may sound complicated, but actually it’s pretty straightforward so long as you enter it with your eyes wide open like any other commercial contract that you might enter into. Under a No Win No Fee agreement, a solicitor and a client agree to share the risk of the Personal Injury claim by coming to a financial agreement on the fees payable based on the result of the case. If you lose, you will not be liable to pay your solicitors fees; however, you may be ordered to pay the other side’s costs if you lose.
If you win, you will be liable for your solicitors’ costs along with their fee. The fee is by way of compensation for solicitors for taking the risk of not being paid at all. In all likelihood, the court will order that some, if not all, of your lawyers ordinary fees should be paid by the other side or their insurance company.
Disclaimer: *In contentious business a solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement.