Pros and cons: No Win No Fee

Legal battles can be expensive, especially when you have had a accident that wasn't your fault. Trying to claim compensation for an accident that was someone else's fault started to become a worry for many people. This is why No Win No fee solicitors and law firms were created. However, are they worth the hassle of using their services?

The pros

Paying the injury and accident solicitors can be a worry, but you don't have to worry when it comes to the No Win, No Fee lawyers; the cost is in the outcome. As the phrase itself says, No Win No Fee sounds, you don't need to pay for the cost of the lawyers if you don't win your case. You can get out of paying the costs for the other side if you do lose by taking out insurance. There is an "after the event insurance" that can be taken out. You can agree on a Conditional Fee Agreement, which is an out of court settlement. This can help to bring the claim to an end quickly without the need to go to court. A solicitor working with your No Win No Fee claim will have a great financial incentive to win. Therefore, they are more likely to put more work into your case.

The cons

If you have a risky case, then there are chances that you will struggle to gain a compensation solicitor. They are less likely to be paid and they will not want to do the work for free. if you lose the case, you will need to pay out the other party's costs, unless you have taken out some insurance to cover yourself. The cases can become extremely expensive and can leave you seriously out of pocket. You'll have to pay your solicitor if you do win. This cost can be claimed through the other party but you will usually find that it is a part of the amount that you gain from the accident or injury claim. A final word These lawyers are paid for the cases that they win and they'll try to gain as much money as possible. This can lead to them pushing you into taking decisions that you do not want to take.