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Arguements For No Win No Fee Agreements Should We Have Them?

In a very strange world a trite little phrase generates a lot of written print and gets people talking a lot. There seems to be very few “don’t know” when the subject is legal services on a No Win No Fee basis. People will be either be for or against No Win No Fee. The basis of the argument for No Win No fee is that legal services should be available to all no matter how much money they have and that justice is for both the rich and the poor. Most of the No Win No Fee agreements are in the domain of Personal Injury and accidents can happen to anyone? Those against No Win No Fee say that it is both for the benefit of the solicitors and that it adds to the cost of doing business.

So what are the advantages of No Win No Fee agreements?

No Win No Fee or contingency agreements are contracts that ensure if a solicitor is not successful in a personal Injury claim; a client will certainly not be liable to pay any type of solicitor’s fees or costs. This indicates that the Personal Injury solicitor will certainly not obtain any sort of settlement of their fees or costs if they do not win a personal injury claim for compensation. If the Personal Injury solicitor is successful in a case, the client will certainly receive compensation however, in some jurisdictions, may have to pay a success will charge in return for the risk embarked on by a No Win No Fee solicitor in taking on the personal injury claim.

No Win No Fee agreements have actually played a big role in making the general public feel that legal services and especially Personal Injury claims are much more accessible to them. The general public mainly feel that they are able to make a personal injury claim without paying upfront costs and without the stress of thinking that if the loose that they will forgo the money they have paid over. No Win No Fee agreement means that, you are secured from paying large Personal Injury solicitors costs and fees. A No Win No Fee agreement also puts your Personal injury solicitor on notice that if they do not perform then they will not get paid for their efforts. Most No Win No Fee agreements cover clients in the event of them loosing from having to pay the expenses and fees of the defendant’s, more than likely an Insurance company. Higher chances of out-of-court settlements: If the defendant finds out that the client has entered into a No Win No Fee agreement then a client may get a chance to avoid the complications of court proceedings. They will understand the fact that they have to reimburse your legal cost in case of losing the cases. Therefore, they are likely to go for a quick settlement.

 

Disadvantages Of No Foal No Fee And Compensation Are There Any?

 

The major disadvantage of a No Win No Fee agreement comes in the jurisdictions where there are no regulations on the amount of fees and costs that Personal Injury solicitors can charge. This happens when a client signs for a percentage of the awarded compensation with a minimum amount stipulated. If the compensation awarded is low then the minimum fee could gobble up the entirety or most of the compensation that the client has been awarded leaving little or nothing for the client.

Whatever the pro’s and con’s of No Win No Fee agreements it is very clear that they give people that otherwise would not have the chance of justice and the possibility of being awarded fair compensation.

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Cost

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Time Limit

Time Limits unless you are a minor under the age of 18 then you have 2 years from the injury in which to file

1

talk to us about it

Can I Claim? No beating about the bush they will let you know straight away

1

Claims

Process Whatever your claim we have the experience and expertise

1

Cost

Talk to us now for some interesting solutions

1

Time limit

Time limits unless you are a minor under the age of 18 then you have 2 years from the injury in which to file