A Detailed Analysis Of ‘No Win No Fee’ Legal Fees
Depending on the case at hand, attorneys usually levy charges for legal services using various models. Lawyers can charge a fixed rate, hourly rate or you can find lawyers who are willing to render their services on a ‘no win no fee’ basis.
If your attorney offers to take up your case on a no win no fee basis, it basically means that you are only obligated to pay legal fees if your lawyer wins your case in court or they are able to negotiate an outcome that is favourable to you.
Under this type of payment plan, once your lawyer has won your case, you will have to cover all the costs they incurred while litigating your case. The total costs may include court fees, attorney’s fees and any other expenses accrued by your solicitor in the process. Depending on the agreement with your lawyer, you may pay a fixed fee which may be a percentage of the winnings from your case.
When Do Lawyers Mostly Take Cases on a No Win No Fee Basis?
Lawsuits can be complicated and lengthy with new twists and turns cropping up each new day. Some court cases usually hold more merit than others. Lawyers who offer their services on a no win no fee basis mostly take cases with merit since they usually have a higher likelihood of offering a favourable outcome. To decide whether your case has merit and whether your legal fees can fall under this type of payment plan, lawyers will consider the following:
• The facts surrounding your case
• The supporting evidence
• The potential outcome of the case based on previous verdicts
• The potential compensation to be earned in your case
If you have a formidable case that has a high likelihood of earning huge compensation, your lawyer may offer to take up your case without requesting for any fees until you are fully compensated. In some cases, your lawyer may even offer to help you meet your financial obligations for example if you need to cover medical expenses as your case is going on. In such a case, you will have to reimburse your lawyer once your case is settled and you are fully compensated.
Why Should You Choose This Type of Payment Plan?
It is important to note that lawsuits can be lengthy and expensive. There is a lot of preparation that goes into making a formidable case and it also goes without saying that solicitors do not work for free. Sometimes, you may have a legitimate and strong case but lack the resources to finance your lawsuit through the court process. In such a case, a ‘no win no fee’ legal fee agreement can be highly beneficial. Under this agreement, your solicitor will take care of all the expenses that will come up as your case is being litigated without asking you for a penny. For information go to – http://personalinjuriessolicitordublin.ie/no-win-no-fee-explained/
This type of agreement also gives you peace of mind that your attorney will pull all the stops to win your case. Your lawyer will be using their personal resources to finance your case through the courts and as such, they will be highly motivated to register a win on your behalf.
How Can You Find the Best No Win No Fee Legal Fees Agreement?
Before hiring a solicitor willing to work under this type of agreement, it is best that you talk to different lawyers. Let different suitable attorneys review your case and find out how much you will be expected to pay after they have won your case. Ideally, you should deal with a lawyer who is willing to provide you with a comprehensive account of the expenses you accrued during the entire litigation process. If you find an attorney who is open to taking a fixed amount in legal fees once your case is closed, the better!