No Win No FeeTrust In Mercury Legal
How do I make a no win no fee claim?
No win no fee agreements, otherwise known as conditional fee agreements, were introduced in the UK back in 1995. They have been designed to make sure that everybody can have access to justice, regardless of their financial circumstances.
No win no fee agreements eliminate the risk and worry so often associated with making a claim for compensation. Under a no win no fee agreement:
There are no upfront fees whatsoever
You have no hidden costs to worry about
You don’t have to pay out anything at all if your case is unsuccessful through no fault of your own.
What if I don’t win my case?
If you don’t win your case, rest assured you will not need to pay any money whatsoever. Your solicitor does not recover their costs either, therefore has a vested interest in ensuring that you recover the full compensation that you are entitled to. If you don’t win your case, they will not get paid.
When your case is settled successfully, your solicitor will recover most of their fees and other expenses from the other side or alternatively their insurance company, so you won’t ever be asked to pay these costs. Unlike some other legal firms, our solicitors will ensure that you retain a minimum of 75% of your compensation.
Before April 2013, solicitors could recover all of their fees from the losing party, which meant that you were able to retain all of your compensation without any deductions. However, there has now been a change in the law, which means that solicitors can still provide a no win no fee service, but you may be expected to contribute to the legal costs if you are successful in your claim. This will all be thoroughly explained to you once your claim has been assessed, but crucially you will still never need to pay a penny if your claim is unsuccessful through no fault of your own, so you can pursue your compensation with no financial risks.
Have a question? Contact us
If you have any questions regarding no win no fee agreements that you would like to talk through with us, get in touch free of charge and we will talk you through the latest changes.