A Personal Injury Solicitor should advise you at the beginning of the claim, and before you have instructed them to deal with it, the various ways the claim can be funded. The most common way for a Personal Injury claim to be funded is with a Conditional Fee Agreement [need link to answer in Legal Questions section]. This is commonly known as a No-Win, No-Fee Agreement [need link to answer in Legal Questions section]. This basically means that if you lose your case you will not have to pay legal fees to your Solicitor.
However, if you win your case, this will usually mean that the Solicitor will deduct an agreed portion of your compensation to cover your legal fees. This figure may vary between Solicitors, but it is usually 25% of your compensation for your injuries.
However, there are other ways to fund the claim. You can pay the Solicitor’s fees yourself based on the Solicitor’s hourly rates i.e. you pay for the time spent by the Solicitor working on your case, or you can pay the Solicitor’s fees by agreeing to pay a portion of your compensation to the Solicitor (this is called a Damages Based Agreement). The potion to be deducted may vary between solicitors, but is likely to be 25% of your compensation.
The Solicitor should be able to provide a full explanation of your options at the beginning of the claim and, if they do not, you may want to discuss your options with another Solicitor.
If you would like talk to us in more detail about legal fees, call us on 0161 749 9000 or click here to request a call back for a free, without obligation chat.