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dependent charge agreements, commonly mentioned to as ‘no win no charge’ affirmations, were introduced in the UK in 1995. lawful aid, a funding for persons unable to afford legal representation, was eradicated for individual wound cases in 2000, and the no win no charge scheme was extended to fill the gap. ‘No win no charge’ means is that if the claimant does not win their case (‘no win’) they will not need to pay (‘no fee’).
In a ‘no win no fee solicitors‘ reimbursement assertion, a lawyer will not charge their regular charge, but will rather than accept part of any money that you obtain as their fee for service should the case be thriving. In numerous cases this can be a equitably large amount so you will need to hold that in brain. The advantage of this kind of placement is conspicuously that it means that you only pay if you really win your claim.
Why would solicitors agree to provide such a service?
In general solicitors are only going to agree to a no win no charge arrangement if they are reasonably sure that they can win. After all solicitors are not going to desire to waste time on cases that they are not going to get paid for. Therefore a lawyer will reconsider any promise case in alignment to work out how likely it is that it will be successful. If the solicitor works out that there is a good possibility then they will acquiesce to take the case on a no win no fee basis. In many cases the percentage of any town that the solicitor takes can be anything from a third to a half of the final settlement, so it’s significant that any purchaser establishes all the details before committing to the case.