What Does No Win No Fee Mean?

 You may have heard the term “no win, no fee” being bounded around on television adverts, on the radio or indeed on the Waring & Co Solicitors very own website.

But what does no win no fee actually mean?

A lot of people naturally assume that when a claim for compensation is made, they pay the solicitor a “cut” of any compensation that they are awarded; sometimes you may see the phrase “you keep 100% of compensation awarded”.  In reality this should always be the case, it certainly is with Waring & Co.

Your costs of instructing Waring & Co are paid by the party that injured you.  In essence this should read “no fee, no fee”.  Waring act on behalf of you, we are instructed by you and we recover your costs from the other side. This aspect is dealt with by us and the other party, to ensure that you are spared the difficulty of dealing with legal costs, and being caught in the crossfire.

It all sounds confusing, but in reality it is fairly straight forward.  The key things to remember when using a solicitor or claims service is:

Do not sanction your representative to take any money from your compensation (unless your claim is through the CICA (criminal injuries compensation authority), MIB (motor insurers bureau) or if you are operating on a Contingency fee basis for any other reason.

Do not pay an up front fee.  Do not take out a loan to pay for this fee.

Do not be afraid to ask about the funding of your case.

For further information on how solicitors are paid, click here.