Politics0 min ago
Just Wondering
12 Answers
You know how Solicitors work on No Win No Fee - well until a decision is made compensation and Solicitor has done work et al on the case - if there is a no win etc situation how can solicitor make their money.
Thanks
Thanks
Answers
Best Answer
No best answer has yet been selected by jennyjoan. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Fairly recently I took advice regarding a case. The solicitors told me that they would risk access the case amongst the partners. If the partners give the go ahead then he would accept the case on a 'No win, no fee' basis.
The best advice he gave me ( which I took up) was advising me to take out an indemnity. The indemnity meant that should the other side win or make a counter claim, my fees would only be a maximum of a few hundred pounds.
Baring in mind the solicitors fee was £250ph ..
After more than 50 hours clocked up the case fell apart.
Needless to say the indemnity kicked in ..
The best advice he gave me ( which I took up) was advising me to take out an indemnity. The indemnity meant that should the other side win or make a counter claim, my fees would only be a maximum of a few hundred pounds.
Baring in mind the solicitors fee was £250ph ..
After more than 50 hours clocked up the case fell apart.
Needless to say the indemnity kicked in ..
I looked into no win no fee a few years ago....and yes most of the commercial firms who base their advertising around this will require the customer to take out insurance to cover the solicitors' costs should the case fail. I believe, although I never tested it, that the insurance is only made available to people who are adjudged to have a winnable case anyway.
My workplace was sued by a woman who was injured on the premises (she slipped down a couple of steps while looking at her phone). Her solicitor took out insurance in case she failed to win. I think she had to pay for the insurance, so 'No win, no fee' is not strictly true, I believe.
The case never got to court anyway.
The case never got to court anyway.