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No Win No Fee Solicitors Have Some Disadvantages As Well
A contingent fee agreement in the UK is generally referred to an agreement between a lawyer and his client, where the plaintiff has to pay the fees to his legal representative only if he wins the claim for him. The no win no fee solicitors are of a great help for the individuals, who have limited financial resources and want to seek justice. However, many times the individuals misunderstand the term no win no fee and relate it to no payment at all. However, that’s not true. When you enter a contingent fee agreement, it only means that the lawyer gets paid only if he wins the case; however, if he loses it, no payment of fees is done, but there might be some additional charges that you might have to bear.
There is no denying that the contingent fee agreement lets the people with inadequate economic resources to enter into lawsuit and pay their lawyer from the earnings of a successful outcome. However, it has the other side as well. Like all other things, the lawyers fighting for your claim under the contingent fee agreement have their own pros and cons. Hence, it is imperative to get as much information as possible before ...
... entering the agreement. As a plaintiff it is important to know about the disadvantages of the legal experts fighting under the conditional fee agreement.
One main disadvantage is that unless they think they have an exceptional chance of winning they will not take the case on in the first place. Moreover, there is no dispensation, nor privacy attached to the money pact in place; consequently, it is not always guaranteed to find legal representation especially if the court case is considered tricky and complicated. Remember, an attorney is not likely to take on a harder case when his time is on the line.
It is possible that while making the agreement, the plaintiff was not aware of after insurance, which is there to cover the winning party’s costs. Many times the lawyers miss mentioning this and the plaintiff is at the jeopardy to pay those costs. You might have to pay the costs of the other party winning if you choose not to get insurance. Also, remember that a contingent fee agreement, offers the lawyer the control the situation and let them decide how they want to go about it. There are chances that the solicitors might come up with plans and strategies, which might not convince you. However, remember that an attorney under the contingent fee agreement will proceed with the case according to their liking, whether you like it or not.
The fact is that there are both advantages and disadvantages of entering into this agreement. Hence, it is imperative that when you are considering taking your case ahead with a no win no fee solicitor, always evaluate and scrutinize the information before taking it further. This investigation will help you determine if the case stands a chance of success.
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