No win, No Fee
What is a no win no fee claim with a Solicitor?
It is an understanding agreement between a solicitor and client which shows that the 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 a 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. The CFA agreement will outline the charges the solicitor could make, these amounts are based upon the outcome and result of the case.
Advantages of No Win No Fee Claims
Claimants can get a significant advantage by filing a claim without the fear of expense or any losses.
It is a way to help claimants who may not have the funds needed to pay for litigation.
The Solicitor holds all the risk.
When a Solicitor agrees to support a Claimant on a ‘’No Win No Fee’’ basis, this assures a solid outcome and thereby it becomes less distressing for the Claimant.
If you cancel your claim after 14 days the solicitor reserves the right to charge you a termination fee, please see the solicitor's terms & conditions for more information.
How a solicitor gets paid if a ‘no win no fee’ case is successful
If your solicitor is successful in winning the claim process, you are entitled to receive 100% of the awarded compensation, Now, out of that compensation amount received you can pay your solicitor fees and cost as agreed upon which usually is capped at 36%. So it’s in the best interest of the solicitor to fight for the highest amount possible. At Money Back Helpdesk our panel solicitors will only take a case on if it has more than 50% chance of winning.
It is important that all essential points of agreements are written down as proof in writing before the trail and the objective is clear at both ends without the risk of losing.
Money Back Helpdesk always assign a solicitor you can trust for the complete process and they can guide you the best with your claim. At Money Back Helpdesk, our solicitors work on ‘no win, no fee’ basis. In UK we have the best expert solicitors aligned with us that helps the claimant make their free will choice.