What Happens if Your No Win No Fee Claim Is Successful
What happens if I win my no win, no fee claim?
You know that no win no fee claims mean less risk and a better chance at compensation. So, what happens when your no win no fee solicitor pulls through and wins your case? The actual results may vary from case to case, but the opposing party is typically responsible for your solicitor fees if you win. That means that with no win no fee claims, whether you win or lose, you will not be responsible for paying your solicitor fees.
Actual compensation is dependent upon the no win no fee lawyer you are working with. Remember, no win no fee claims and 100% compensation are two separate concepts. If you do the proper research to find a solicitor that offers both no win no fee and 100% compensation clauses, you will not have to pay your solicitor fees or a portion of your compensation. Find out more about 100% compensation.
If your solicitor does not offer a 100% compensation clause, you may be asked to sign a conditional fee agreement. A conditional fee agreement can mean paying up to 30% of your compensation to your solicitor if you win. Although it is ideal to find a solicitor that offers a 100% compensation clause, a conditional fee agreement still means at least 70% compensation for your personal injury.
Summary:
- No win no fee means less risk and a higher level of compensation.
- The opposing side is usually responsible for your solicitor fees if you win.
- Look for the 100% compensation clause to maximize your financial return.
- Without a 100% compensation clause, you may be asked to sign a conditional fee agreement.
- With a conditional fee agreement, you may need to pay up to 30% of your compensation to your solicitor.