Do you know what a no win no fee accident claim is? If you have been in a car accident that is someone else’s fault, you may need to know. Here is some more information about exactly what it is and tips on finding the right lawyer to pursue your case.
A no win no fee accident claim is when a lawyer agrees to pursue your case without any up front compensation. He or she only gets a fee if you win your case. This allows many people who have a legitimate claim to pursue legal action that they would not be able to afford to do otherwise. This is not a pain free and easy way to file a lawsuit though. Whether you win or lose the other party may come after you through the courts, especially if it is determined that your lawsuit is frivolous.
This is not a way that lawyers have to work cases and not get paid. When they win your case they are paid from the legal fees attached to the lawsuit and when they lose their fee is taken from something called after the event insurance. This is just another way for the lawyers to win. Because of this, it is important to find a good lawyer with an extensive track record to take your case. You want a lawyer that is worried about more than just their fee. Make sure to do your homework to make sure you have the best chance to win.
A common belief among people who aren’t familiar with this type of legal arrangement is that the lawyer takes a big percentage of any money you are awarded. While I am sure that this is still the type of arrangement that is made in some cases, you need to find a lawyer who does not get any of your settlement. Some lawyers take up to 40%, so this is not the way to go if you can avoid it.
The final downside to a no win no fee accident case is that it can take a long time to see any money even if you are fortunate enough to win. Insurance companies are usually involved and between them and all of the lawyers involved, it can take years to win a case. Of course when insurance companies are involved, they know this and will often offer a low ball settlement up front hoping you will take it instead of having to wait a long time to possibly win.