What Percentage Do Solicitors Take for No Win No Fee Claims?
Everyone should have the ability to pursue justice.
That’s why the government introduced the concept of No Win No Fee claims – for anyone who couldn’t afford legal representation to be able to make a claim for an injury or injustice they suffered.
No Win No Fee means that accident victims can pursue a claim without having to worry about the financial impact.
Benefits of No Win No Fee
No Win No Fee is formally known as a conditional fee agreement. It means that you’ll only pay your solicitor for their work if your claim is successful. Their fee is conditional on you winning your case.
Prior to No Win No Fee agreements, many people struggled to afford to pursue legal cases. If a person didn’t qualify for legal aid, they could find it difficult to pay their solicitor’s fees. This would often stop people from getting justice when they were legally entitled to it.
No Win No Fee made justice more accessible. It’s now possible for anyone who has been injured through no fault of their own to take legal action against those responsible.
Only pay a fee if you receive compensation
Our No Win No Fee solicitors will take a success fee from the compensation you are awarded for a successful claim in the form of a percentage of your damages. This could be up to 25% but it won't be more than that, except in cases of road traffic accidents. Changing laws mean our solicitors will now take a payment of 35% of the final compensation amount plus VAT for all road traffic accident claims.
First4Lawyers are an award-winning claims management company with a track record of delivering service that our clients love.
What percentage do No Win No Fee solicitors take?
So how do solicitors make money on No Win No Fee claims?
If your claim is successful, your solicitor will charge you what is known as a success fee. This will typically be a certain percentage of your compensation. In most cases, the No Win No Fee percentage applied will be 25%.
The laws around road traffic accidents changed in May 2021. Claims for accidents that happened on or after 31 May 2021 will usually result in a payment of 35% of the final compensation plus VAT.
Housing disrepair claims will also see payments of 25% plus VAT.
Your solicitor will explain their success fee and any other costs – such as after the event (ATE) insurance – before you agree to go ahead with a claim, so there won’t be any surprises further down the line.
“Phoebe was very understanding and listened to me. She remained professional and supportive throughout the call. I’m glad I chose this firm because they are experts in the personal injury field and it’s on a No Win No Fee basis” - Tony Price
What will I pay if my claim is unsuccessful?
No Win No Fee solicitors’ fees will only apply if your case is successful. This means you won’t face any financial risk – if you’re not awarded compensation, you won’t pay anything.
You will also not have to pay the premium for your ATE insurance policy if your claim is unsuccessful. Your solicitor will make sure you understand how this works before you proceed with your claim.
We know that you have enough to focus on after an accident or experience of medical negligence, without having to worry about your finances. That’s why we offer you the chance to secure compensation that can help you get back to your best, without any risk to your finances.
To find out more about No Win No Fee claims, all you need to do is give us a call, request a call back or start your claim online.
Our friendly and experienced advisors are here for you during this difficult time.
Note: First4Lawyers offers this information as guidance, not advice. Before taking any action, you should seek professional assistance tailored to your personal circumstances.
