Who pays the legal costs?
Before starting a personal injury compensation claim, you need certainty and peace of mind about the costs involved and how they can be covered. At BLB Solicitors, we help take you through all of the various options to find the funding method that’s right for you. These are some of the options we can explore with you.
No win / No fee
Known as a ‘Conditional Fee Agreement’, no win / no fee can be an excellent way of funding your compensation claim. In fact, since the loss of Legal Aid as a way of funding personal injury claims, the majority of claimants fund their claims on a no win / no fee basis.
If you win your claim, your opponent will pay the majority of your costs. However, there will be some items which can’t be recovered from your opponent that will be funded from your compensation if you win; this will include the cost of the insurance that will need to be taken out on your behalf, referred to as after-the-event insurance, and the success fee that is agreed with you when the agreement is entered into.
On the other hand, if you lose the case, you’ll not be charged at all.
Legal expenses insurance
You may already have insurance, sometimes referred to as before-the-event insurance, to cover your legal expenses. For instance, it could form part of your home and contents cover or another insurance policy that you’ve taken out. Alternatively, it may be provided as an extra benefit by your bank or credit card company. If you do have this cover, we can help you with the application process and there’s no charge for this and liaising with the insurance company on your behalf.
Occasionally, a no win / no fee arrangement may be inappropriate for your case. If so, and if you don’t have legal expenses insurance, then we may be in a position to agree with you to carry out an initial investigation for a fixed fee. If the results of that investigation are positive, from that time onwards it may then be possible to enter into a no win / no fee agreement with you.
It’s all about finding the funding method that’s right for you.
Should you have any questions you may speak direct to one of our specialist personal injury solicitors on 01225 462871.