Solicitor's fees in injury cases
Before arranging with a solicitor to pursue your injury claim you
need to be happy with how your costs will be met.
As of April 2000 all Personal Injury Solicitors are obliged to
work on your behalf on a no win no fee basis, this is subject to
a small insurance premium which your solicitor may pay for on your
behalf depending on your circumstances.
Don't be afraid of asking your solicitor the number of recent cases
that they have won, in most cases they won't bite !
Conditional fees
Solicitors in the accidentcompensation.com network are prepared
to act for some clients without charging a fee unless the case is
successful, so, if you lose you do not have to pay anything for
the work that has done. However, as the loser in the ease you may
have to pay:
Your opponent's legal costs
The expenses incurred in bringing the case. (These are called disbursements
and often include fees for medical and police reports.)
Your solicitor can arrange to protect you against this risk by
taking out conditional fee insurance.
Because the solicitor will receive no fee if they lose, professional
rules allow them to charge an additional fee if you win usually
called the success fee In a successful case they would recover the
basic fee from your opponents or their insurers; therefore you will
only have to pay the success fee. However some if not all of this
fee can be recovered by your solicitor
If they intend to charge a success fee, they should explain exactly
how it will be calculated and paid. The Law Society recommends a
charge for the success fee of no more than 25% of the compensation
you are awarded and in most cases, far less than this.
The conditional fee agreement
This sets out in writing all the terms of the agreement between
the solicitor, including details of any success fee. Do not be afraid
to ask questions about this.
Conditional fee insurance
It covers
your opponent's costs and the solicitors disbursements if the case
is lost - up to £100,000.
There is no cover for cases outside the European Union and the
insurance does not extend to your barrister's fees. If you need
a barrister we will explain how this can be arranged.
They will supply a specimen of the insurance certificate wording
if you would like to study it.
Before you go ahead
Make sure you have considered the different options for paying
for a solicitors services and that you understand the difference
between paying the fees in the traditional way and using a conditional
fee agreement with insurance backing. Copies of the documents should
be available for you to read in advance.
Some of the most important points are :-
- What are my chances of
winning?
- How much am I likely to recover?
- Will my damages affect any D.S.S. payments I receive?
- Will I have to pay any expenses or costs and if so, when?
- What will I have to pay if I lose?
- Would I be well advised to use a conditional fee agreement or
should I consider some other method
of paying my solicitor?
- What would I have to pay if I did not use a conditional fee
agreement?
- Is it likely that my opponent will have the ability to pay if
my case is successful?
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