No Win No Fe Essay
No Win, No Fee: The Benefits of Conditional Agreements
In the last decade that has been a huge decrease in the availability of legal aid to victims of personal injury who wish to claim compensation. In response to this there has been an increase in the amount of legal firms offering their services on a no win, no fee basis to ensure that every person who has been wronged has the ability to gain some sort of recompense for their suffering.
Conditional Fee Agreements
The Government endorses no win no fee arrangements and have set up the Damages Based Agreement (DBA) that runs alongside Conditional Fee Agreements (CFA) which detail that solicitors are entitled to take a percentage of the damages awarded to their clients up to 25%. This gives …show more content…
Because of the fact that the solicitor will not get paid if you lose, they are only going to accept clients who they believe have an extremely strong chance of winning, and of winning enough damages to make the process worthwhile.
• Thirdly, you can be sure that any solicitor working on a no win, no fee basis is going to work around the clock to make sure you are successful. If you don’t get paid, neither do they so they are going to use all their knowledge and expertise to build a rock solid compensation claim.
• Finally, due to the fact that a lot of the clients who will be interested in no win, no fee will be in a less than ideal financial situation, possible due to the consequences of their personal injury, a lot of solicitors will offer clients a cash advance. This advance will vary depending on the amount of compensation the client is claiming for but it has a maximum of £1500. The client will have full control of how much they receive up to the maximum amount. They will also have full control over when this money is paid out and what they choose to spend it on, so it can fully support their
In the last decade that has been a huge decrease in the availability of legal aid to victims of personal injury who wish to claim compensation. In response to this there has been an increase in the amount of legal firms offering their services on a no win, no fee basis to ensure that every person who has been wronged has the ability to gain some sort of recompense for their suffering.
Conditional Fee Agreements
The Government endorses no win no fee arrangements and have set up the Damages Based Agreement (DBA) that runs alongside Conditional Fee Agreements (CFA) which detail that solicitors are entitled to take a percentage of the damages awarded to their clients up to 25%. This gives …show more content…
Because of the fact that the solicitor will not get paid if you lose, they are only going to accept clients who they believe have an extremely strong chance of winning, and of winning enough damages to make the process worthwhile.
• Thirdly, you can be sure that any solicitor working on a no win, no fee basis is going to work around the clock to make sure you are successful. If you don’t get paid, neither do they so they are going to use all their knowledge and expertise to build a rock solid compensation claim.
• Finally, due to the fact that a lot of the clients who will be interested in no win, no fee will be in a less than ideal financial situation, possible due to the consequences of their personal injury, a lot of solicitors will offer clients a cash advance. This advance will vary depending on the amount of compensation the client is claiming for but it has a maximum of £1500. The client will have full control of how much they receive up to the maximum amount. They will also have full control over when this money is paid out and what they choose to spend it on, so it can fully support their