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No Win No Fee Claims For Employment Law
If you pursue your employment law enquiry via 1stClaims, one of our Solicitors will assess the merits of your enquiry with you and if there are sufficient prospects for success, they will discuss your options for funding your case. One option that will be discussed will be taking your case forward on a No Win No Fee basis (known as a Damages Based Agreement or DBA).
The basic premise of a No Win No Fee agreement is that you will not have any up front payments to make and you will not have to bear the cost of your Solicitor’s basic charges if your case is not successful as your Solicitor’s basic charges will be written off. If your case is successful, your Solicitor's basic charges and disbursements will be covered by deducting a percentage of your final settlement or compensation award, as set out in the DBA.
What Fees Will My Solicitor Charge?
For a No Win No Fee claim, a Solicitor’s basic charges are dealt with as noted above and at the end of a successfully concluded case, the Solicitor will deduct 35% of your final settlement or compensation award.
Is There A ‘Termination Fee’ Payable If I Change My Mind About Pursuing My Case?
Once you have instructed a Solicitor (signed a No Win No Fee or ‘Damages Based Agreement’) and they have begun working on your case, there will be costs accrued for the work your Solicitor has done. If you choose not to continue with your case or decide to move your case to another Law Firm, you will be liable for settling those costs with your Solicitor.
There is not therefore a fixed value ‘Termination Fee’ payable, as the sum due will quite clearly depend on how much work has been completed by your Solicitor and the hourly rate charged for the work.
Other Funding Options
All options for funding your case wil be discussed with you including:
- Legal Expenses Insurance
- Fixed Fees
- Standard Hourly Rates
Rest assured however, all funding options and potential costs will be discussed with you by your Solicitor prior to entering into a Damages Based Agreement so that you have a clear and definitive summary of the potential financial obligations.
Let Us Help You!
To find out more please call us free on 0800 2888 693 or complete our online enquiry form here.
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