Are No Win No Fee Lawyers Worth The Risk?
You have a case that needs to be fought by a lawyer, but you are worried whether to opt for the no win no fee scheme or go for the normal way of hiring a lawyer. If you are stuck in such a situation, you need not worry for this article will tell you all that you need to know about the no win no fee solicitors. It comes with its own set of rules and conditions and obviously has some advantages and some disadvantages. Let us first talk about what exactly this law means.
No Win No Fee Solicitors
The Proper Claims Of The No Win No Fee Law
The no win no fee law applies to civil cases only. This agreement is between an attorney and a client. A client will not be charged any fees if the attorney loses the case. The success fee of any attorney, after they win the case, varies from country to country. In many countries, like the United States of America, the success fee is settled by the client and the attorney before the case is fought. However, a reasonable rate is priced in accordance with the local rules. In England, the success feel cannot be at a rate more than 100 % of the normal fee. Hardly, any attorney can charge 100% though. A very important point to remember is that your agreement should be signed through the Collective Conditional Fee Agreement, failing which your agreement will not have any legal standing. Both of the parties involved must sign it for further reference and use. These are the conditions and terms involved in the no win no fee scheme.
Advantages Of The No Win No Fee Law
The advantages of the no win no fee law to the client are many. Once a lawyer has signed to the agreement, they will try their best to win the case because their fee depends on it. They get their usual fee along with an extra fee for winning the case. So, efficiency is expected from the lawyer. This makes the lawyer more trustworthy for people who want their money’s worth. Unless this law is there, the attorneys can take their client for a ride because they know their fees will be paid anyway.
Disadvantages Of The No Win No Fee Law
The disadvantage of the no win no fee law lies in the fact that many a time a lawyer works very hard, in spite of which they lose the case. But, mostly attorneys refuse to take cases on the no win no fee law unless they are sure about winning the case. Therefore, ultimately it makes no real difference to the clients involved in saving money for a lost case.
There is no doubt that appointing a no win no fee solicitor can help you if you have had an accident at work and want to pursue an injury compensation case.
No Win No Fee