A no win no fee claim, officially known as a conditional fee agreement offers an alternative way to fund litigation and can be used in almost all commercial claims. No win no fee claims or conditional fee agreements have been in place since 1995, however during this time it was limited to a certain range of cases but then thankfully in 1998 no win no fee agreements were extended to include all cases with the exception of family proceedings. This was a welcomed change as it allowed people the opportunity to claim when previously couldn't.
The conditional fee agreement is an agreement whereby a lawyer and a client can agree to share the risk of the litigation by coming to a financial arrangement surrounding the fees that are payable based on the outcome of the litigation.
No win no fee claims are hugely successful in providing compensation and carry many advantages with one of the main ones being peace of mind that you won't be worse off if your claim is unsuccessful. Also if your claim is a success you will keep 100% of the compensation that you are awarded with your solicitors fees being paid by the losing party's insurance. This insurance is known as 'after event insurance.' With this insurance you are expected to pay a one off premium and if you lose your insurance company will pay any costs that you owe to your opponent.
With any claim for compensation your case will only be considered if you have suffered injury that was caused through no fault of your own and that has left you with injury that has affected your daily life. It should be noted that compensation will not be paid out for any near misses such as if you were prescribed the wrong drugs by your GP but the pharmacist noticed or if you are suffering a personal injury that does not really affect your life such as a cut on your hand that heals quickly and without the need for medical attention.
Sadly compensation is never a sure thing; just because you have been injured in an accident that wasn't your fault it doesn't mean that you will defiantly get accident compensation, no matter how good your lawyer/solicitor may be. In order for your claim to be a success you will need evidence from people such as your doctor who will be able to confirm that your injuries are as a direct result of the accident that you suffered. If your compensation claim is a success the amount of compensation that you receive is based on your actual suffering and not on how much money the opposition has or what the court feels is sufficient punishment.
If you are currently suffering injury or you have suffered injury in the last three years that has affected your life or stopped you from working then it is advised that you seek the help of a personal injury specialist who can help you to claim the compensation that you deserve after an accident that was caused through no fault of your own.
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