Legal fees vary from law firm to law firm. They are usually made up of hours worked, and they will include administration services and legal services.
Now the important bit – 99 per cent of personal injury claims are processed by law firms on a ‘no win, no fee basis’. Otherwise known as a Conditional Fee Agreement, a ‘no win, no fee’ agreement stipulates that your lawyer will only be paid if their case wins. If your case is successful, then your lawyer will be paid in one of two ways. They will either recover their costs from the other side, leaving you with 100 per cent of your compensation, or they will cover their legal costs by taking a percentage of your final compensation amount.
By law, that amount can only be up to 25 per cent of the compensation amount. So for example, your lawyer can only take a maximum £250 if you are awarded £1,000. Some law firms may take a reduced amount from your compensation, providing that they can recover the bulk of their costs from the other side. It is normal practice for fees to be deducted from compensation, however, so do not be alarmed if this is the law firm’s policy.
Another thing to look out for is accident helplines. Helplines such as the one at http://www.accidentadvicehelpline.co.uk/ are free to call and use, and they carry no obligation to make a claim. However, not all helplines are this good, so always make sure you understand call costs and consultation fees prior to calling a different helpline.
Checking legal fees :It is absolutely crucial that you fully understand how your lawyer will be paid, before you sign anything or agree to proceed with your personal injury claim. The last thing you want is to be surprised if you receive less compensation than the settlement demand put forward. Your lawyer is obligated to explain fees to you, as part of the Agreement. If you do not feel informed, notify your lawyer, because once you sign you are tied into the agreement.
What about court costs? :It is very rare for personal injury claims to go to court. However, higher value claims do sometimes find their way into a courtroom (for reference, claims usually have to have a value exceeding £28,000 to be considered). Court costs will incur additional legal fees, in the form of barrister fees. However, it is usually the case that such costs can be recovered from the other side, if the claim result does indeed go in the claimant’s favour. Barrister/ court fees should always be clearly explained to you long before court proceedings are finalised.
Business Tips For Protecting Your Finances During A Recession
In 2023, taking the necessary steps to protect your finances for your business is now more important than ever. The...
Tips For Cleaning Your Trainers
If you’re into your trainers and streetwear, you’re likely to be very conscious of keeping them looking their best! So,...
Branding Trends For Start-Ups in 2023
Branding is incredibly important as it impacts how your business reaches and connects with its target market. If you’re branding...
Avoiding the Wrong Kind of Growth
Growth is vital for any business – some models, like tech start-ups, are built around periods of dramatic, explosive growth...
How To Become A Property Developer
There are several reasons why an individual will want to become a property developer. One of the main reasons for...
What Is The Difference Between Cyber Attacks and Cyber Threats?
If you own a business that uses the cloud to manage workloads, you have probably heard of the terms cyberattack...
3 Types of Marketing Every Small Construction Business Should Do
Construction is a very saturated sector, whether you’re a large or small construction company, so marketing should be at the...
How Relevant Life Insurance Plans Can Future-Proof Your Business
Last year, UK inflation reached the highest level that it had been for decades. The markets became unsteady and nervous...
In a Car Accident? Here’s How to Find a Great Lawyer
If you’ve recently been in a car accident, you know that it can be an overwhelming experience. Not only do...
Considering Therapy? Here’s a Few Common Therapy Techniques Explained
If you’re considering therapy as a means to improve your mental health, you may be curious about the type of...
Top 5 Home Repairs You Should Never DIY
DIY home repairs are all the rage these days. But before you jump on the bandwagon, there are some things...
The Power of CBD Oil for Relaxation: How to Use it for Sleep and Stress Relief
If you’re struggling to get a good night’s sleep or feeling stressed, try CBD oil. CBD oil has a moment...
Benefits of Getting your Mobile Phone Repair
Mobile phone repair is a task that needs high skills and experience. That is why we always recommend users trust...
Great Ways To Clean To Get Your Security Deposit Back In Full
Moving is almost always stressful as there are tons of things to plan and do. Getting your security deposit back...
DIY Garage Door Repair: Tips and Tricks for Fixing Common Problems and Maintaining Your System
If your garage door needs to be fixed, wait to call a repairer. Many common problems can be fixed quickly...
Tech8 years ago
Creating An e-Commerce Website
Tech8 years ago
Design Template Guidelines For Mobile Apps
Business4 years ago
What Is AdsSupply? A Comprehensive Review
Business8 years ago
The Key Types Of Brochure Printing Services
Law2 years ago
How Can A Divorce Lawyer Help You Get Through Divorce?
Tech6 years ago
When To Send Your Bulk Messages?
Tech3 years ago
5 Link Building Strategies You Can Apply For Local SEO
Travel11 years ago
Who Else Wants Also Nfl Hat