Conditional Fee Agreements
What Do They Mean To You?
Conditional Fee Agreements were introduced when the right to receive legal aid was removed from personal injury claims. Realising that the removal may cause uproar with the public the Government was keen to introduce some form of protection that would allow accident victims to make a personal injury claim without having to spend thousands of pounds to do so. The Conditional Fee Agreement was the result.
No Win No Fee Agreements?
Conditional Fee Agreements (CFA) are often referred to as "No Win No Fee Agreements". This is not their correct name. A CFA is a legal document that allows you to make a personal injury claim on the basis that you do not have to pay legal fees as the claim continues, but that you are expected to pay them when the claim finishes. However, what happens at the end of the claim if it is successful is that the solicitor is entitled to recover his charges/costs from the other person’s insurance company as well as claiming your compensation. If you lose the claim the CFA being in place means you do not have to pay any costs (that is the No Win No Fee part).
Why Should I Sign One?
The CFA is a long and ultimately dull document to read, but without it a solicitor cannot recover their costs from the other side as there will be no legal entitlement to do so, and if they can’t be paid for their work they are unlikely to take a claim on. Hundreds, probably even thousands, of Conditional Fee Agreements are signed every day without any problems. Whilst it would be preferable for the agreement to be shortened considerably, ultimately it is just one of those documents that is needed in today’s personal injury claims world.
Can We Help You?
If you are considering making a personal injury claim and would like an expert personal injury solicitor on your side 1stClaims can help you. If you have spoken with a solicitor but have not yet signed the paperwork why not talk to us? Our solicitors will ensure that you are visited in your own home and will fully explain the conditional fee agreement to you and answer all of your questions.
At 1stClaims we want to make sure that you are happy with the solicitor we choose for you, which is why all of our solicitors are hand selected by our own personal injury solicitor. We choose only those who, in our opinion, really strive to provide the best possible service for you and we ensure that in all cases you receive all of your compensation (this may be different for medical negligence but your options will be explained to you).
If you would like 1stClaims’ expert Personal Injury Solicitors on your side please call us free on 0800 2888 693 or complete our Free Claim Enquiry form now and we will be in touch with you very soon.
Remember, it costs nothing to ask and you receive 100% of your compensation.
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