Living Expenditure is rising with advent of time and technology and so are the expenses on legal services which has call upon for many legal policies in UK.
People face accidents and health damages due to negligence and faults of others and at times question arises, what would be the expenses for claim? If I lose, do I have to pay? Would it be a win win situation or just an expense with no result? This argument led to the introduction of No Win No Fee schemes which allowed an individual to claim without fear. It’s safe and the additional cost on losing situation is borne by defendants. With an increase in legal fees and increased expenditure in claim process to follow, people are often reluctant to ask for their rights and do not want to file a claim at all.
However, it’s just about to understand that you have rights to claim compensation if it’s not your fault and get financial or medical compensation you deserve on No Win No Fee basis.
What is NO Win No Fee?
It is an understanding agreement between a solicitor and client which shows that client will only pay when there is a Winning situation and their claim is a success.
Here the risk factor falls more on the solicitor than the client who feels secure and safe in any case.
This feature compensates the risk ratio in the event of claim and client can seek all sorts of help and discuss their happenings freely with the solicitor. In UK an agreement, CFA is signed that assures advocacy and proof of litigation. In CFA agreement the charges of the solicitor depends upon the outcome and result of the case.