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Read Between The Lines Before Signing a No Win No Fee Retainer

| Compensation Law, | 0 Comments.

No win, no fee. Seems simple doesn’t it? No catch no gimmicks, if you don’t win, you don’t pay.

Unfortunately, that’s not always the case and more and more people are getting caught out by lawyers by simply not understanding what no win no fee really means before signing a cost agreement.

If a lawyer has taken on your case, there’s a very good chance that your case will be won. So, this isn’t something you should be worrying about, you’re more than likely going to receive compensation.

Let’s face it, they’re not going to take on a case they don’t think will be successful because if they lose, they won’t get paid.

The amount of compensation you receive though could be lower than it should be if you don’t do your homework.

Fees

If a case is won, then the personal injury lawyer will deduct any legal fees from the settlement amount that has been awarded. Most law firms will outline how much they charge for their services and provide an estimate prior to starting your claim. Law firms are also legally obliged to let the claimant know of any changes to the cost as the case progresses.

However, this doesn’t always happen, and some claimants are having higher fees sprung on them when the case is settled meaning that their payout is a lot less than it could have been if they had checked how much their lawyer charged before proceeding with their claim.

There are lawyers out there that offer fixed fees, meaning that the amount they initially quote you for their services will not change, that way there will be no nasty surprises.

Other costs

Your case may be no win, no fee in terms of the fees lawyers charge for their time and services. You may, however, have to pay for other outgoings incurred by your no win no charge solicitor.

You may be liable for any printing and postage costs which probably doesn’t like a lot, but personal injury cases require a lot of paperwork.

Settlement

If the at-fault side accepts liability, they will usually offer a settlement which you can either accept or reject. Your lawyer will usually advise you on which option to take depending on whether or not they think this is the amount you deserve.

Rejecting the offer could mean that your case would need to go to court and there is then a chance that the judge could rule in the other parties’ favour.

If your lawyer advises that you should accept the offer that has been made and you reject this, it could void your legal costs agreement as there is now a chance that the case could be lost.

Read between the lines

The only way to make sure you don’t get caught out when claiming compensation is by doing some research and reading between the lines before you sign a legal costs agreement.

You may not read the terms and conditions when signing up to Facebook or Twitter but when it comes to accident compensation claims, it could mean the difference in thousands of dollars when you receive your settlement amount.

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