What is No-Win, No-Fee?
Everyone knows this phrase now. It has become a very popular, well-known phrase but what does it stand for, what exactly does it mean?
When you bring a claim for personal injury compensation there are three considerations which you should bear in mind regarding the cost of the same.
These are the three things you need to bear in mind:
- Our Fees - These are our charges for the work that we do on your behalf. No-win, no-fee means that we cannot charge you for our fees if your claim is not successful. If we do not win, you do not pay us a penny. We will charge you if your claim succeeds but the law means that your opponent has to pay those fees for you. The losing party has to pay the costs of the successful party. You will not have to pay anything.
- The Expenses - These are the costs we have to pay out as your claim progresses. They are usually referred to as ‘disbursements’. If you win, these are paid by your opponent. If you lose, you are responsible for these expenses and so we always ensure that you have in place the appropriate legal expenses insurance so that the insurer will pay them and not you. Again, you will not have to pay a penny.
- Your Opponent's Fees - If you do not succeed in your claim for personal injury compensation, your opponent can claim their costs from you but only if you have issued proceedings at Court against them. Even in those circumstances we will ensure that you have the appropriate legal expenses insurance cover so that you are fully protected. Again, you pay nothing.
No-win, no-fee means that you pay nothing and you have nothing to worry about.