Balfor Legal LLP - The Personal Injury and Employment Law Specialists
Solicitors who specialise in Accident Compensation Claims and Employment Law
Making a Claim
How will your claim be funded : Made Simple (breaking down the barriers)
This is often a big worry to clients and it is our aim to put your mind at rest at the outset. We will explain to you in detail at our first meeting the different types of funding available to you.If in doubt, never be afraid to ask.
How much will it cost me?
In nearly all cases NOTHING.
If we are able to offer you a No Win No Fee agreement; if you lose, you pay us nothing. If you win, we recover your costs from the losing party after you have been sent all of your compensation without any deductions.
There are a few exceptions to this rule and for more information please see our frequently asked questions page:
If we are able to offer you a No Win No Fee agreement; if you lose, you pay us nothing. If you win, we recover your costs from the losing party after you have been sent all of your compensation without any deductions.
There are a few exceptions to this rule and for more information please see our frequently asked questions page:
CONDITIONAL FEE AGREEMENTS NO WIN NO FEE
EXPLAINED
EXPLAINED
Pursuing a claim for compensation for accident injury need not be expensive or risky. Conditional fee agreements provide a convenient and affordable method of funding a personal injury claim. They sometimes incorporate a policy of insurance to protect you against your liability to pay your opponent's costs in the event of losing your claim or of losing on a particular issue in dispute within the claim.
Conditional fee agreements were introduced to widen access to the courts for many people who would otherwise have been unable to afford to pursue their claim. This form of funding arrangement is particularly suitable for claimants who are neither eligible for legal aid nor have the benefit of legal expenses insurance.
Under our conditional fee agreement, Balfor Legal LLP will not charge you anything for its professional services if you do not win your case. This is why this funding arrangement is often referred to as the "no win-no fee" scheme. It is not our practice to insist that our clients take out a policy of after the event legal costs insurance to protect them from their opponents legal costs at the outset, but as the case develops, such insurance may be applied for and will be put in place if required. Our clients will not have to pay up front for this and will not have to take out a loan.
In return for taking on the business risk of acting for you under a conditional fee agreement a success fee is charged as a supplementary fee, but this is payable only if you win your case. This is why this additional fee is also called the "success fee". Usually and unless expressly stated in the agreement, the success fee is only paid by your opponent; not you.The success fee is charged over and above our "basic costs". It is set as a percentage of our basic costs. Again the basic costs are usually paid by the opponent and not you. We will not apply a success fee percentage rate of more than 100%. In the event that that part of the success fee is not recoverable from your opponent, we guarantee that we will not seek any shortfall from you. on your behalf.
In the event that you succeed in your claim we guarantee that we shall limit your responsibility to us for our costs and expenses to the sums we are able to recover from the losing party.
So, to summarise:If you win your case: You will be entitled to claim from your opponent the following:
● your damages, (compensation) and
● your solicitor's basic costs,
● your disbursements (expenses such as medical consultancy and court fees),
● the success fee and
● your legal costs insurance premium. (if taken out)
In the event of a successful outcome, you will only be responsible for paying us the following:
● our basic costs plus VAT
● our success fee plus VAT
● any disbursements that we have incurred on your behalf
However, the majority if not all of this expenditure will have been recovered from the losing opponent or his or her insurers. Furthermore, we can guarantee that your liability to pay our costs and expenses is capped or limited to the sums recovered from the losing party. We shall not seek any shortfall in the costs recovered from you.
If you lose the case:Then you will only be responsible for paying the following:
● any disbursements that are not covered by a legal costs insurance policy which we have incurred on your behalf,
● your opponent's legal costs, but only if you are not insured against this possibility
It is possible for you to apply to take out a legal costs insurance policy against the risk of your having to pay your opponent's legal costs in the event that your claim is unsuccessful. This risk only applies once court proceedings are issued. If you are not successful prior to court proceedings then you will not be liable to pay anything to your opponent.
The cost of a single legal costs insurance premium varies. The premium is recoverable from the losing party.
Conditional fee agreements were introduced to widen access to the courts for many people who would otherwise have been unable to afford to pursue their claim. This form of funding arrangement is particularly suitable for claimants who are neither eligible for legal aid nor have the benefit of legal expenses insurance.
Under our conditional fee agreement, Balfor Legal LLP will not charge you anything for its professional services if you do not win your case. This is why this funding arrangement is often referred to as the "no win-no fee" scheme. It is not our practice to insist that our clients take out a policy of after the event legal costs insurance to protect them from their opponents legal costs at the outset, but as the case develops, such insurance may be applied for and will be put in place if required. Our clients will not have to pay up front for this and will not have to take out a loan.
In return for taking on the business risk of acting for you under a conditional fee agreement a success fee is charged as a supplementary fee, but this is payable only if you win your case. This is why this additional fee is also called the "success fee". Usually and unless expressly stated in the agreement, the success fee is only paid by your opponent; not you.The success fee is charged over and above our "basic costs". It is set as a percentage of our basic costs. Again the basic costs are usually paid by the opponent and not you. We will not apply a success fee percentage rate of more than 100%. In the event that that part of the success fee is not recoverable from your opponent, we guarantee that we will not seek any shortfall from you. on your behalf.
In the event that you succeed in your claim we guarantee that we shall limit your responsibility to us for our costs and expenses to the sums we are able to recover from the losing party.
So, to summarise:If you win your case: You will be entitled to claim from your opponent the following:
● your damages, (compensation) and
● your solicitor's basic costs,
● your disbursements (expenses such as medical consultancy and court fees),
● the success fee and
● your legal costs insurance premium. (if taken out)
In the event of a successful outcome, you will only be responsible for paying us the following:
● our basic costs plus VAT
● our success fee plus VAT
● any disbursements that we have incurred on your behalf
However, the majority if not all of this expenditure will have been recovered from the losing opponent or his or her insurers. Furthermore, we can guarantee that your liability to pay our costs and expenses is capped or limited to the sums recovered from the losing party. We shall not seek any shortfall in the costs recovered from you.
If you lose the case:Then you will only be responsible for paying the following:
● any disbursements that are not covered by a legal costs insurance policy which we have incurred on your behalf,
● your opponent's legal costs, but only if you are not insured against this possibility
It is possible for you to apply to take out a legal costs insurance policy against the risk of your having to pay your opponent's legal costs in the event that your claim is unsuccessful. This risk only applies once court proceedings are issued. If you are not successful prior to court proceedings then you will not be liable to pay anything to your opponent.
The cost of a single legal costs insurance premium varies. The premium is recoverable from the losing party.
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