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No Win No Fee Solicitors

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  • birdsong123
    started a topic No Win No Fee Solicitors

    No Win No Fee Solicitors

    Has anyone on this forum ever been offered a no win no fee offer"conditional fee arrangement from a solicitor and had success with them
    or whether there is anything to be wary of.


    Tags: None

  • birdsong123
    replied
    Thank you for the replies

    Leave a comment:


  • pt2537
    replied
    Originally posted by 2222 View Post
    Bear in mind that some of these CFAs leave you liable for the fee if you win the case but are unable to collect any money from the defendant (who goes bankrupt/moves home/has no assets). That's not an issue if you are suing a defendant who has substantial assets, but it's a real consideration if the defendant might be hard to collect from.
    yes that is something to bear in mind too. Really the lawyer offering the CFA should fully advise on these issues etc.

    Leave a comment:


  • 2222
    replied
    Bear in mind that some of these CFAs leave you liable for the fee if you win the case but are unable to collect any money from the defendant (who goes bankrupt/moves home/has no assets). That's not an issue if you are suing a defendant who has substantial assets, but it's a real consideration if the defendant might be hard to collect from.

    Leave a comment:


  • pt2537
    replied
    Originally posted by birdsong123 View Post
    Has anyone on this forum ever been offered a no win no fee offer"conditional fee arrangement from a solicitor and had success with them
    or whether there is anything to be wary of.

    There are various funding options for cases, no win no fee is just one of them. There are different forms of no win no fee agreements, theres discounted rate no win no fee, theres capped success fees set at a percentage of the damages, or theres the straight forward no win no fee with a uplift normally from 20% to 100% depending on the issues.

    If youre entering into such an arrangement then you need to look at costs, whether there is an ATE insurance available to you, and what your liabilities will be if you win, as a win doesnt always mean you win in court nor does it automatically entitle you to recover costs from the otherside, for example you may settle out of court on the basis that each party bears their own costs, this could mean you have a bill to pay plus a success fee so its important to understand your liabilities etc.

    If you have any direct questions about no win no fee agreements just holler

    Leave a comment:

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