No Win No Fee Arrangements

2007-07-24 08:31:47

( Legal )



Costs of a Lawsuit

If you want to file a lawsuit, you need to hire a lawyer to receive professional advice and to increase your chances of winning the case. A lawsuit always involves a lot of money on the part of both plaintiff and defendant.

The government can provide free legal counsel for you if you are a low income earner or are unemployed. If you're neither, you will have to take on the legal expenses yourself.

What is a No Win No Fee Arrangement?

A no win no fee arrangement means that you do not pay attorney fees if you did not win the case. It is also known as conditional fee arrangement. Practically all types of cases can qualify for no win no fee arrangement except criminal or family related ones.

If you win the case, the losing party will pay your attorney fees, as well as a whole or part of other disbursements for court, recording or witnesses.

But if you lose the case, you need to pay all the legal fees and other costs demanded by the court on behalf of the other party, plus your own disbursements. The only item you don't have to pay is your lawyer's fees.

Thus, this arrangement relieves you of some financial burden, at least as far as your own lawyer's fees are concerned.

Another way to alleviate the risks of losing is to buy after the event insurance to cover legal and court expenses charged to you as a losing party. You do need to pay a premium for this insurance coverage but it may be worth all the risks.

Other Tips About No Win No Fee

The whole point is to get a good, reputable lawyer who is more concerned about helping you rather than about the fees. You can ask trusted friends and relatives to refer you to one.

If needed, consult several lawyers to get their price quotes first. Choose only if you feel comfortable about his service terms and policies.

Before filing a lawsuit, discuss the whole matter with the lawyer first. Ask him to enumerate all the costs of the lawsuit, as well as what you stand to pay in case you win or lose the case. Make sure that you can afford to pay the premium for the after the event insurance.


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