Well, this depends on the Law Firm that you select to run your claim, as different Law Firms have different "No Win No Fee" agreements but the "No Win No Fee" agreement basically means, that if your Lawyers don't win your claim then they agree to have NO FEE (i.e. they agree to waive there fees if the claim is lost).
So, on a "No Win No Fee" the Lawyer gets Nothing - 'not a penny' if the claim is lost.
But what if you win your claim?
This is where the "No Win No Fee" agreement varies from Firm to Firm and where you have to be careful as some Law Firms might make deductions from your compensation as the term "No Win No Fee" in itself doesn't make clear what your Lawyer charges if they win your claim (as the term simply means that there is no fee if your claim is lost).
Under a "No Win No Fee" the Lawyer is obviously entitled to a fee if the claim is won but how this works and what the Lawyer charges under a "No Win No Fee" depends entirely on the actual "No Win No Fee" agreement.
Many Law Firms use the Standard Law Society Model which states the following:
If you win your claim, you pay our basic charges, our disbursements and a success fee. The amount of these is not based on or limited by the damages. You are entitled to seek recovery from your opponent of part or all of our basic charges, our disbursements, a success fee and insurance premium.
Many Law Firms (probably most) use the Standard Law Society Model "No Win No Fee Agreement" - which as stated above means that you are liable for the fee's if the claim is won but the lawyers seek to recover these fees from your opponent.
There is nothing wrong with Law Firms offering the Standard Law Society Model, it is after all the Standard Law Society Model.
We however go a step further and offer you added protection as in our "No Win No Fee" agreement, we actually agree to limit our fees to what we recover from the other party/insurers.
With The Injury Lawyers you get added peace of mind, knowing that we don't simply say, that we seek to recover our fees from the other insurers; we actually put it in black and white. So YOU can rely on our rather unique "No Win No Fee" agreement knowing that we specifically limit our fees to what we recover from the other party/insurers.
We therefore like to refer to our "No Win No Fee" as a "Genuine No Win No Fee"; as if we lose we have no fee and if we win then we limit our fees to what we recover from the other party or the insurers.
Let us give you an example where we win your claim:
Let's say you get awarded £4000.00 compensation. Well, we send you the full £4000.00 compensation as we don't take a penny from your compensation or make any hidden charges.
Let’s say our fee’s amount to £2000.00 but we only recover say £1200.00 in fees from the other party. We then simply write-off the £800.00 shortfall as we limit our fees to what we recover from the other party and WE DON’T seek any shortfall from you as we limit our fee’s to whatever we recover from the other side (insurers).
You can be sure, that with The Injury Lawyers you don't pay us a penny whatever the outcome of your claim.
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