No Win No Fee.

Cheshire Injury Solicitor Reveals The Truth About This Misunderstood, Overused Personal Injury Compensation Term

No win, No Fee has become commonplace language in the UK in recent years, and much negative media has been attached to it, usually fuelled by misunderstanding.

Where Did the Term No Win, No Fee Come From?

People claiming personal injury compensation have been demonised in the media when in actual fact the No Win, No Fee agreement was the brainchild of the government – not injury lawyers – and was brought into English law with the removal of legal aid from personal injury compensation claims.

Legal Aid was used as a method of equalling the balance between an individual who was injured as a result of an accident that was not their fault seeking compensation for their injuries, from an opponent who was insured against their liability to the injured victim, – therefore with a far larger budget to play with. That brought with it a funding inequality.

After the removal of legal aid, Conditional Fee Agreements (No Win, No Fee) were brought into the English legal system. In actual fact, it is the injury solicitors who take the risk on their clients behalf in this system, to equal the balance between the financial position of an injured individual on the street, and an insurance company giant with limitless funds.

If the claim does not succeed, the injury solicitor does not receive payment for the work that they do on behalf of their injured client. In return for that risk, initially with the No Win No Fee funding, the client had to pay 25% of their injury compensation to the solicitors following a successful claim for injury compensation.

That initial CFA funding situation was quickly altered – because it placed the injured victim in a position of inequality. The English legal system seeks to compensate a personal injury client to the point of ‘restitution.’ That is to say, to place the injured victim back to the position they would have been in had the accident and injury never occurred. By losing 25% of their personal injury compensation to their injury solicitors, it is easy to see that the injured person was not placed in that position and therefore the English legal system was failing them.

The position was altered so that the insurance company of the wrongdoer, the Defendant had to pay the legal fees for the Claimant in the event of a successful personal injury compensation claim.

On 1 April 2013 following significant lobbying to the Government from the powerful insurance industry, that situation was changed – and we are back to the position where the slang term of No Win No Fee has true meaning for injured clients.

That is to say, if you are seeking to pursue a claim for personal injury compensation, if you do not succeed, you do not pay your own injury solicitor for the work they have undertaken on your behalf. If however your injury solicitor succeeds in the claim on your behalf, you become entitled to receive personal injury compensation.

What Do I Have To Pay In A No Win No Fee Agreement If I Win My Personal Injury Compensation Claim?

You only have to pay a fee to your injury lawyer if you succeed in your claim now. That fee is capped at 25% of the damages you receive by way of compensation for your personal injuries and associated losses, excluding compensation for future loss. This is compensation such as future loss of earnings if you are no longer able to work as a result of the injury sustained in your accident.

Much ado about nothing in the media has brought about this current situation – but at least the term of No Win, No Fee to explain how one pays for legal services in a personal injury claim for compensation now has meaning, and doesn’t confuse! The media hopefully now has a new enemy, that will allow personal injury solicitors to get on with the important business of looking after their injured clients and their compensation claims!

With this in mind, it is clearly very important for you to ensure that you have the very best injury lawyer representing you in your claim for injury compensation.

Who Do You Choose To Pursue Your Claim With A No Win, No Fee Agreement?

Richadsons & Co Solicitors, in Crewe, Cheshire, serving all of England and Wales. That’s Who.

Richardsons & Co Solicitors are experienced personal injury solicitors where only a fully qualified and experienced specialist personal injury lawyer will take care of you – to ensure you receive the maximum compensation to which you are entitled, whilst protecting you with a No Win, No Fee Agreement method of funding. There may be something to pay in this day and age, but if you have the right team of injury solicitors behind you, they can ensure that you receive the maximum compensation to which you are entitled. That brings with it, peace of mind when you need it. Richardsons & Co can promise you peace of mind at this difficult time. We put the personal into personal injury. We never forget you are an individual, and deserve individual care and attention.

Don’t let misconception in the media fool you, claim the injury compensation you are entitled to NOW and get the expert injury solicitors on your side-Richardsons & Co Solicitors.

Complete your details in the simple form for a FREE NO OBLIGATION ASSESSMENT OF YOUR CLAIM or call 01270 747154 NOW.

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