No Win No Fee Solicitors | Stapleford

The Basics

No Win No Fee agreements are available throughout the UK, including in Stapleford. However, not all solicitors in Stapleford offer No Win No Fee arrangements, and those that do may limit them to particular types of claim, such as personal injury or medical negligence. To find no win no fee solicitors in Stapleford, get a free consultation with First4Lawyers, who can help match you with a solicitor offering a no-win-no-fee agreement for your specific type of enquiry.

If you are comparing Stapleford no win no fee solicitors, it is worth looking beyond the phrase itself. The main questions are usually what type of claim the solicitor can consider, what success fee may be deducted if the claim succeeds, whether insurance or disbursements could be involved, and what would happen if the claim did not succeed.

Conditional Fee Agreements

No Win No Fee is a term in the UK commonly used to describe Conditional Fee Agreements (CFA) between lawyers and their clients. In broad terms, a CFA may allow a person to start a claim without paying the solicitor’s basic legal fees upfront, with the solicitor paid from a successful outcome instead. If the claim is unsuccessful, the client’s liability for their own solicitor’s charges is usually limited by the agreement, although other costs such as disbursements, insurance premiums, or the other side’s costs can still need careful checking. This is why some claims use After the Event (ATE) insurance to help cover certain risks. Not every area of law allows no win no fee arrangements, and the details can differ between claim types and solicitors.

Types of Cost Components 

There are several cost components to be aware of when considering the benefits and possible disadvantages of a No Win No Fee Agreement, especially if you are looking for a solicitor in Stapleford and want to understand the paperwork before signing:

• Basic Charges or Standard Fee – Fees associated with legal work done on behalf of a client.  Typically based on the number of hours spent and hourly rates associated with the staff involved with case. Different lawyers in Stapleford will have different fees for their day-to-day work, and these can vary between practices, and between qualified solicitors within a practice.
• Disbursements – Payment for expenses made on behalf of the client including but not limited to court fees, experts’ fees, accident report fees and travelling expenses.
• Success Fee or “Uplift” To compensate for the cost of lost cases, lawyers typically are allowed to add a success fee or ”Uplift” in the CFA.   This is usually a percentage (not more than 100%) of a lawyer’s basic charges that is added to a client’s bill for which they will seek to recover from the other party if they win the claim.
• After the Event (“ATE”) Insurance Premium – Cost of Insurance as part of a no win no fee agreement to indemnify the costs and disbursements of the lawsuit.  Usually purchased at or after the start of the litigation process.

Advantages and Disadvantages

Advantages

• Because the cost to the client is linked to the outcome of the case.  For an unsuccessful case, there is the possibility that the client pays little or no cost.
• Required disclosure of a CFA to the other party may encourage earlier settlement as the other party’s cost will increase in line with the level of the success fee.
• Any damages awarded to the client will not be eaten up by the success fee, as the success fee will in most cases be payable by the opponent.

Disadvantages

• There is no privilege, nor privacy attached to the funding arrangement in place. The existence of the CFA must be disclosed to the other party at the outset of the litigation and the risk assessment has to be disclosed to the court and if necessary to the other party when costs are assessed.
• A CFA gives the lawyer a financial interest in the litigation and because of this they are inclined to take control of the strategy and resolution of the litigation.
• Unless the client buys ATE to cover the winning party’s costs, the client is still at risk to pay those costs.

To search for a specific solicitor, try the Solicitors Regulation Authority website, which lists all the law firms and people regulated by the Solicitors Regulation Authority. Alternatively, visit our partner First4Lawyers for a free no-obligation chat if you want a general conversation about whether a Stapleford no win no fee claim can be considered.