The no win no fee claim explained
By: anton | Posted: 13th June 2011
No win no fee compensations claims…
The no win no fee compensation claim has existed for a number of years know and has assisted quite a few people in society to claim the damages that they are en titled to through negligent behaviour by other parties. Before you contemplate about getting into a no win no fee agreement it is crucial to know what is actually included in the process. There are lots of pluses and cons to the processes which I will point out in this piece of writing it is beneficial to you to read through the entire article so you are better educated on what is concerned and the risks and positive aspects that are associated with the no win no fee compensation claim.
The advantages …
A common advantage of a no win no fee compensation claim is the fact that you will not lose any money if your claim for damages is unsuccessful. This is normally achieved by utilization of an insurance often known as “after the event” insurance…
The no win no fee claim is very helpful for a great number of individuals who do not have the monetary backing to fight a claim for compensation on the own. This kind of claim has enabled many people in the world to obtain justice for their traumas or loses…
The lawyer that you engage to fight your case for you will work hard to win the case as it in there advantage to win for financial gains for the law practice…
If your case is successful then the dues are paid for by the loosing or third party so you will not have to cover the expenses..
The disadvantages…
it is not always guaranteed to find a solicitor to contest your case especially if the case is a particularly hard to win one. Law firms are extremely unlikely to put their time and money on the line for a claim which they might lose…
If the claim is not successful then you re likely to be eligible to pay the expenses of the other party and the costs of the courts if you have not taken out any insurance.
Your lawyer or legal representative will take the lead in the case, now this may not be to your liking but as it is the law practice or solicitor that will lose in terms of time and revenue if the claim is unsuccessful, so they will proceed as they see fit if you disagree with it or not.
You will find pros and drawbacks to using a no win no fee agreement, if you have a good case with good possibility of triumphing then it is highly recommended to employ the services of a solicitor to fight the case for you as he or she knows the workings of the legal system. Fighting a legal case on your own is not suggested even if you have a solid claim as you may trip yourself up on a straightforward legal technicality and inevitably waver the right for the compensation that you are eligible to receive. I hope this article has shed a bit of light on the no win no fee process and has made clear the merits and weaknesses of the no win no fee claim. Another excellent piece of advice is to check the success rate of the legal professional that you propose to employ to fight your side. Legal professionals are when it comes right down to it only human and there are good and not so good law firms out there as it is with all professions so do a little homework before you you choose a company or individual to represent you.
This post was produced by Anton Allen, if you would like to look at more information on no win no fee compensation claims please feel free to visit our site No win no fee UK for more of an understanding in to the legal process encompassing this style of compensation claim. Or go to our no win no fee blog to read through the latest publications posted.This article is free for republishing
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Tags: third party, time and money, damages, traumas, lawyer, insurance, compensations, law firms, solicitor, pluses, take the lead, legal representative