If you require legal advice, you will often come across solicitors that offer no-win-no-fee payment structures for employment, property and family law issues.
There are a lot of people who are nervous about using these types of solicitors because they assume that they are not getting the best service.
It is important to know whether or not you should be hiring these solicitors Reading and if they are ever worth hiring.
How No Win No Fee Works
Before you can look at the value of these solicitors, you need to know how this payment structure will work.
When you enter into an agreement with a solicitor that they will take your case on a no-win-no-fee basis, you are agreeing to what it says on the tin. If the solicitor does not win your case, you will not have to pay them any fees.
If your case is successful, you will be liable for the fee that the solicitor gets. Until this point, all of the costs of your case will be covered by your lawyer. The fee that you are expected to pay in the case of success will vary depending on the solicitor you have hired and the type of case you have.
Are These Solicitors Worth Hiring?
Many people think that these types of solicitors will offer you a lower standard of representation compared to solicitors that you have to pay whether you win or not.
This is not actually true and you might find that your no-win-no-fee solicitor offers you a better overall service. This is due to the fact that it is within their interest to ensure that your case is successful.
These types of solicitors will generally offer you a free initial consultation where they can go over the details of your case.
During this consultation, you will need to be honest with the solicitor about the case and provide any relevant documentation. They will then be able to determine whether your case has merit and whether or not they will represent you.
It is important to note that these solicitors are going to go over every little detail of your case.
This is due to the fact that they will only want to take on a case that they are sure they will have a chance of winning. If the solicitor agrees to take on your case, they will explain all the details of their no-win-no-fee payment structure.
The Overall Cost
When considering these types of solicitors, you have determined if the fee you pay upon successful completion of your case is worthwhile.
The typical fee that you face with these solicitors will be 25% of your settlement amount. Depending on the settlement you get, this could be much higher than what you would pay a solicitor who charges by the hour.
However, it is important to note that you never know how long your case is going to take. Additionally, you might not have the funds to pay a solicitor if your case is unsuccessful.
This is why you need to carefully consider whether or not the costs of a traditional solicitor work for you.
Disclaimer: The contents of this article are for information purposes only and should not be relied upon as formal legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. Specific legal advice should be sort tailored to the individual circumstances in all cases.
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