No Win No Fee
A No Win No Fee agreement is the most common way of funding a personal injury claim and is an agreement between a solicitor and their client that, if the claim is unsuccessful the client will not pay a penny towards their solicitors’ legal costs. To protect you from any adverse costs against you we recommend that you take out an insurance policy called “after the event insurance”
So what if I win, do I have to pay?
If your claim is successful then the other side will pay your basic legal charges and disbursements. We will also charge a success fee which is not recoverable from the other side and will be payable out of your damages. We will however cap this to a maximum of 25% of your damages.
And if I lose?
As explained above if your claim is abandoned or you lose at court you we will simply not get paid (No win no fee). To protect you from the Defendant’s costs (for example if they hire a solicitor to act for them) we always recommend that an insurance policy (known as after the event insurance) is taken out, which will pay their costs and any disbursements associated arising out of the claims process.
Don’t worry about the insurance premium it’s deferred until the end of the claim. If we unfortunately have to abandon your claim or you lose at court the policy covers the Defendant’s costs and disbursements but the premium writes itself off. If you win your claim then the premium will be payable from your damages.
We can help
So if you have been involved in an accident which wasn’t your fault contact us, and if we feel you have a good claim, we will be able to pursue it on a no win no fee basis, so win or lose there is nothing to pay.
Ringrose Law understands what you need. The free help of a specialist personal injury law solicitors Lincolnshire, with offices in Lincoln, Boston, Grantham, Sleaford, Newark and Spalding, and we can do home appointments. Click here and a member of our expert team will contact you.