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Bakers Personal Injury Solicitors specialise in legal compensation claims arising out of accidents caused at work, road traffic accidents and slip and trip accidents, which are caused by someone else's negligence and not your fault. Most frequently these claims are handled on a ‘No Win No Fee’ basis. What exactly does that mean? A 'No Win No Fee' arrangement is more correctly known as a Conditional Fee Agreement, which is explained below.
Conditional Fee Agreements
A Conditional Fee Agreement (CFA) with Bakers Personal Injury Solicitors means that should you lose your case, we will not charge you any legal fees.
If your claim is successful we will normally be able to recover our charges and expenses from the Defendant and as such there will be no cost to you.
We are entitled under a conditional fee agreement to charge a success fee which will be calculated as a percentage of our overall charges. The success fee will be assessed following an analysis of the prospects of success of your case, on the information available at the time of entering into the Conditional Fee Agreement. You are entitled to have sight of our analysis and a copy will be made available to you on request. If the claim is successful, we will be able to recover the success fee from the Defendants in addition to our normal charges and expenses.
If it is necessary to use the services of a barrister then we will ensure that we will employ a barrister who will also be willing to deal with your claim under a Conditional Fee Agreement.
Insurance Policies
When acting for you under a Conditional Fee Arrangement, in the event that the case loses, we would not charge for work undertaken.
The CFA covers only our own fees however and therefore does not cover expenses such as the cost of the medical report, medical records or court fees and nor does it cover in the event the claim is unsuccessful any Defendants’ legal costs and expenses.
In order to cover against these costs and expenses, it is possible to take out an insurance policy. The insurance premium will depend upon the nature of your claim, the likely value, whether or not the claim is likely to be defended and the stage the claim has reached at the time insurance is taken out. There are a number of different insurance companies on the market offering a range of insurance policies ancillary to Conditional Fee Agreements.
If your case is successful it is highly likely the Defendant's insurance company will meet all costs and expenses. This will include the costs of the insurance premium itself. If the case is unsuccessful the insurance policy will cover the premium itself and as such will not be payable.
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