What Does No Win No Fee Actually Mean?

If you frequently watch the television, listen to the radio or regularly read a newspaper, then it’s more than likely that you’ll have seen or heard the term “no win no fee” being brandished across multiple personal injury law advertisements.

But, although we’re probably all accustomed to hearing the term time and time again, how many of us actually know what it means?

Well, you’re not alone if you don’t – because as human beings, we only tend to pay a great deal of attention to something when we actually need it. And let’s face it, unless you’re completely accident prone, then personal injury law won’t be something you’ll need on a regular, day-to-day basis.

But, what happens if there comes a time when you are involved in serious accident that wasn’t your fault? Would you know what to do in order to try and get compensation?  It’s at this point that you wish you had listened to that “no win no fee” radio ad that you heard last month, a little closer.

Well, fear not, because the issue of no win no fee is exactly what this article aims to help you with. Whether you’ve had a recent accident or you just want to make sure you’re all brushed up on your knowledge, here’s everything you need to know about the term “no win no fee”.

“So, What Actually Is It?”

As the phrase itself suggests, the term “no win no fee” is used to describe an agreement between a lawyer and an injured individual during a personal injury claim.

It simply means that the lawyer cannot charge the injured person a fee if their personal injury claim is unsuccessful.

So, if you are involved in an accident that wasn’t your fault, you may be able to claim compensation for damage caused by the accident through the help of a professional personal injury lawyer. You will then only have to pay the lawyer if the personal injury claim you make for compensation is deemed successful.

“Surely, I Will Have To Pay Something Along The Way?”

This is one of the biggest misconceptions of the term “no win no fee”, but if you hire the help of a professional and reputable lawyer, then you will only have to pay a single penny to them if you win your claim.

Lawyers with considerable experience in the field will not charge their usual fee to assist with putting in a claim. Instead, they will take a proportion of the compensation money you receive when your claim is successful as payment for their help and services – this can be anywhere from a third of the compensation to half, so be sure to find this out before you sign on the dotted line with a firm.

It’s important to remember however, that there are a number of bogus personal injury lawyer firms out there, who, although they may appear to offer a no win no fee policy on the outset, may incur several hidden charges to you along the way. It is therefore vital that when looking to make a personal injury claim, you stick to reputable and experienced companies such as Injury Lawyers 4U, in order to reduce the risk of getting fooled by bogus law firms, otherwise known as “claim farmers”.

“What Claims Can Be Dealt With As No Win No Fee?”

Contrary to popular belief, no win no fee policies can be used to deal with a variety of different personal injury claims, including:

– Work accidents

– Car/motor accidents

– Clinical/medical negligence

– Slips, trips and falls

So, if you believe you may have a solid case for accident compensation, get in touch with an experienced lawyer for further help and information – you may just be able to make a claim today.

Comments are closed.