No Win No Fee Services

Will it be a no win no fee service and what are the terms?

No win no fee services are common mostly in cases such as:

• personal injury
• reclaiming bank and credit card charges; and
• reclaiming payment protection insurance and other mis sold policies.

Few other cases are predictable enough to warrant that kind of consumer promise before a case is underway.

It is important to remember that a no win no fee solicitor may cost you more than a solicitor instructed and paid regardless of the outcome; this is because despite the high success rates of such claims the company value of a win is brought down by the shortcomings of another.

In short if you do not win you will indeed pay no fee, but if you do win your fee will be potentially larger to compensate the lower risk element of your case, with rates often around 25-30% as standard.

Many claimants are not in a position to pay any fees, and so a no win no fee service – even if it is larger than a standard set rate – is better than no service at all, or indeed taking the matter into their own hands and not receiving the appropriate legal advice and support that would be available to them otherwise.