No Fee Required If The Case Is Lost

By Author: Vijay K Shetty
Total Articles: 2542
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No win no fee is a special type of scheme, where the fee needs to be paid only if there is a favourable result. A no win no fee solicitor is one who will not charge you any fee if he is not capable of winning the case for you. It is also known as a contingent fee in the US and a conditional fee in England and Wales. According to the definition of the law, it is, [a] fee charged for a lawyer's services only if the lawsuit is successful or is favourably settled out of court...Contingent fees are usually calculated as a percentage of the client's net recovery. This is a special type of agreement made between a client and the law firm that serves him.

If however, the solicitor succeeds in winning the case, the client should pay him an extra fee called success fee in addition to the normal fees. It is however also mentioned that, in no case, should the no win no fee solicitor take a success fee that is more than 100% of the ordinary fees.

The fee structure mentions that, the attorney fees will not be charged by such a solicitor from his client, if the client loses the case. For either a favourable result or if the ...
... client manages to recover certain damages, through some settlements, the solicitor needs to be paid his fees from the recovery. The permitted fees of a solicitor of this type, depends on his local jurisdiction and varies from one country to another. In the UK, the normal fee for which the client is liable is done on the basis of hourly billing and includes an element of profit. In addition to this, for a case won, the client pays success fees or bonus, to the solicitor. Success fees charged, ranges between 25 and 50 percent among most lawyers. According to the English Law, the fees should comply with the statutory scheme.

No win no fee solicitors are a good option for people who are not financially sound. For them, this saves them from paying the charges of civil litigation and also the fees of the solicitor. This is also a good method, as the solicitor takes up the case seriously, and tries his best to win, in order that his efforts are paid. In this way, cases that are speculative and unmeritorious, gets reduced, as the solicitors have the financial risks in mind.

These solicitors are easy to find these days. If not directly, you can get in touch with them through the internet. For this, you will simply have to fill up a no win no fee application form.

Vijay K Shetty, Platinum Level Author.
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