No Win No Fee : A Short Guide
September 8, 2010 by Mark Walters
Filed under Finance
Some legal cases only require payment upon success. This means that if your case is lost, you may not have to pay a fee to your lawyer. However, if the lawyer wins the case in court, then he or she is paid. This fee is generally known as a success fee and is generally a percentage of the total amount of money recovered. These cases are almost always personal injury cases. If you are considering filing a no win no fee legal claim, consider this information first.
Not all cases will qualify for the no win no fee agreement. Cases where you only pay upon success generally can be classified into one of the following categories: wrongful death, work injuries, malpractice and accidents including construction, bike, auto, airplane and more. Legal action for these cases generally seeks compensation for some type of wrongful act by another. If you think you may qualify for a case where payment hinges on success, contact a lawyer for more information.
Often, free consultations with lawyers are available. This will help you to determine if your case qualifies for a payment upon success plan. Attorneys generally decide if they think they can win the case before taking on the case. After all, they want to take cases that they can win so that they get paid. Look around and carefully find a lawyer that you think can meet the needs of your specific case.
When you are pursuing a case where payment is only rendered upon success, you are responsible for gathering all pertinent information. You will need to find evidence and documentation as required. Once you find this evidence, make sure you keep it in a safe place. This evidence may include hospital records, receipts, medicine information, prescriptions, employment records etc. Be careful and make sure you are thorough in your information collection process. Also let your doctor know that you have given your attorney the right to access medical records as needed.
Finally, you need to be aware that while you may not be paying attorney’s fees unless you win, you may be responsible for other fees no matter the outcome. These other fees include filing fees, court fees and possibly witness fees. These fees can end up being quite a lot of money, so set some funds aside so that you can cover them should the need arise. Choosing a great lawyer is important to ensure your victory and a settlement for your injury.
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