No Win, No Fee Explained, what does “No Win, No Fee” mean?

Apart from family, property or criminal matters, many types of claim are suitable for a Conditional Fee Agreement, which is commonly known as a ‘No Win, No Fee’ agreement.

What happens if your claim is successful?

In a ‘No Win, No Fee’ agreement your solicitor will only be paid if the claim is successful, he or she will also be entitled to an extra fee (known as a success fee). Both the basic fee and this extra fee are normally paid in whole or part by the losing party. There are other incurred costs (such as court fees or the fee for a medical report). These are normally known as disbursements. Again, the losing party should pay all (or sometimes part ) of these costs.

What happens if your claim fails?

You will not have to pay your own solicitor, but you may be liable to pay the costs of the successful party – the other side. Also, you may be laible for any other incurred costs (such as court fees or the fee for a medical report), these are normally known as disbursements. However, your solicitor will normally arrange insurance to cover this risk. This is known as ‘after the event’ insurance, in the event of the claim failing the insurance would then cover any money due from you.

Find out more about No Win No Fee Solicitors agreements

Pinto Potts Solicitors offer No Win, No Fee agreements on most personal injury compensation claims, to find out more about No Win, No Fee call Pinto Potts on 0800 316 4434.