LAW SOCIETY SOLICITORS

No Win No Fee & Condition Fee Agreements

The Law Society expects your own solicitor to keep you fully informed about all matters relating to the progress of your personal injury claim including correspondence and developments with the solicitors on the other side however the most important part of disclosure requirements by the Law Society in a potential personal injury compensation claim relates to the initial matters that set up the formal relationship between you and your solicitor which is effectively the contract that you enter into with your own solicitor which governs your relation ship with that law firm.

Law Society & Conditional Fee Agreements

It must be said at an early stage that not all Law Society approved ‘no win no fee’ agreements which are technically called CFAs (conditional fee agreements) are the same. Whilst the Law Society does endorse a basic format there is considerable room for manoeuvre by individual firms of solicitors who may stay within the Law Society rules whilst at the same requesting a contribution up front in order to pay for legal expenses including insurance and may upon finalization of the claim keep a percentage back from the sum awarded for compensation to cover the cost of other allowable expenses.

Law Society Approved Conditional Fee Agreements

The net effect of some Law Society approved CFA’s is that they are not risk free to the client (the sums paid up front by the client are lost if the case is lost) and compensation is not paid in full (if the solicitor retains certain allowable expenses). In regards to straightforward personal injury claims most (but not all) solicitors operate on the basis of win or lose no charge and compensation paid in full. They cover their risks by having a severe regime of risk assessment in place as to what cases they will or will not take on and they thereafter cover themselves by insuring against losses of their own expenses (and sometimes their own time) which they pay for themselves rather than asking the client to contribute. This insurance premium can be claimed back from the other side in the event of a case that is won but is written off by the solicitor if the case is lost. It can be seen that some solicitors go much further than the basic Law Society no win no fee arrangements and give their clients a much better deal which in real financial terms can make a difference in the amount paid to the client of several thousands of pounds particularly in smaller claims.

Law Society Solicitors Personal Injury Experts

If you have suffered personal injury in an accident you should consult a solicitor as soon as possible. All of our solicitors are members of The Law Society personal injury panel and as such are entitled by the Law Society to describe them selves as personal in jury experts. In order to make a personal injury compensation claim the accident must have occurred within the last three years and have been caused as a result of negligence by another person. Many solicitors offer a no win no fee service which minimises the individual’s financial risk however the no win no fee scheme offered by this firm goes much further than basic Law Society requirements and can be summed up as 'win or lose no charge - compensation paid in full'. If you use our claims service there is no financial risk whatsoever and you are paid 100% of your compensation with no deductions.