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No Win No Fee is an arrangement where a law firm will only charge legal fees if your case is successful. Here are some commonly asked questions about No Win No Fee explained.
A No Win No Fee agreement is a contract between a claimant and a law firm where the law firm agrees to only charge legal costs if your claim is successful. This means you don't have to worry about paying any fees if you lose your case.
Law firms can charge up to 100% of the damages awarded by the court as their fee under a No Win No Fee agreement. The exact percentage is negotiated between you and the law firm upfront.
No, the main benefit of a No Win No Fee agreement is that you don't have to pay anything towards legal costs if your case is unsuccessful. The law firm takes all the financial risk in pursuing your claim.
You can search online for law firms in your local area that specialize in No Win No Fee agreements. Many personal injury and compensation specialists will openly advertise this option on their website.
Common cases pursued using No Win No Fee include personal injury claims, employment issues, medical negligence and financial mis-selling compensation claims. The key is there must be a possibility of recovering damages to cover any potential fees.
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