Connect with us

Business

How The Fees Vary from One Accident Claim Helpline To Another

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.

The-Most-Common-Types-of-Bicycle-Accidents

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.

Continue Reading

Recent Posts

Education9 hours ago

New Driver? 5 Things to Consider When Looking for Driving School

When it comes to choosing a driving school, there are many factors to consider. Not all driving schools are created...

Home Improvement1 day ago

Landscape Irrigation Systems: The Basics

If you’re a homeowner, you know that keeping your lawn and landscaping looking nice can be a lot of work....

Travel2 days ago

5 Things to Look for in Luxury Hotels

When it comes to luxury hotels, there is a lot to look out for. Here are five key things that...

Home Improvement1 week ago

Is There a Difference Between Commercial and Residential Concrete?

If you’re a contractor, you know that concrete is a versatile construction material. But did you know that there are...

Law2 weeks ago

5 Tips to Find the Right Litigation Firm

When it comes to selecting the right litigation firm for your legal needs, choosing wisely is of utmost importance. It’s...

google review google review
General3 weeks ago

Amazing Reason To Embed Google Reviews Widget on Wix

Offering a value is not enough. To survive in the industry, you must market your business in the trustable way...

Lifestyle3 weeks ago

3 Ways To Take Control Of Your Finances in 2023

It can be so overwhelming trying to take control of your finances, as it can be difficult to know where...

Business3 weeks ago

How to market your watch brand?

The luxury watch market has always been a lucrative business, and in 2023 it’s only going to get bigger. Obviously,...

Lifestyle3 weeks ago

How To Keep Your New Year’s Resolutions

Do you always have trouble keeping up with your New Year’s Resolutions? Start 2023 off on the right foot with...

Business3 weeks ago

What Is Stick Welding And When It Is Used

Stick welding, which is also known as shielded metal arc welding or SMAW, is one of the most common types...

Home Improvement4 weeks ago

5 Maintenance Tips For Your Septic Tank

If you rely on a septic tank, you know how important it is to you and your family. Yet like...

How banks are using AI How banks are using AI
Finance1 month ago

How Banks Are Using AI to improve Their Services?

Almost every industry, including banking and finance, has been significantly affected by artificial intelligence. The industry of banking and finance...

Home Improvement1 month ago

How to Prevent Your Drains from Getting Clogged

A clogged drain might not seem like a big problem to deal with, but that plumbing issue could quickly spiral...

Home Improvement1 month ago

Things you need to do and think about before the renovation project

If you plan on renovating your home anytime soon, there are certain things you should check of your list before...

Health1 month ago

3 Things You Need To Be Doing To Look After Your Teeth

Many people don’t prioritise looking after their teeth, however it is so important as we only get one adult set...

Categories

Archives

Trending