No Win No Fee Lawyers
A large number of people pursuing legal cases are now choosing to avoid paying a straight up service fee and are instead going with a no win no fee version of workcover lawyers. No win no fee attorneys, like work cover lawyers, used to make up just a tiny minority of the total legal profession; however, now it is an increasingly popular and trusted payment arrangement, which seems to work well for both the claimant and the law firm in question. However, whether it’s the right structure for you is another matter. Let’s take a closer look at the facts on no win no fee lawyers.
Why The Rise In Popularity?
It’s fairly easy to see why no win no fee payment arrangements have proven popular both law firms and clients. Previously, clients who suffered a personal injury through the fault of a third party would often hesitate when considering making a claim. After all, this was only a natural reaction given that if you were to take out a case and then lose you could find yourself having to shell out thousands of dollars in legal fees without any payout being awarded to cover. The no win no fee structure removed this element of risk and gave claimants the confidence to come forward and take a case to court without being put off by the downside of losing. For legal firms, it has allowed them to expand their reach and to take on a greater range of clients than would previously have been possible. Furthermore, due to the way the payment structure is setup, it can also be highly profitable for the law firm taking on this type of client.
Is No Win No Fee Right For You?
Given that you can not lose money by taking a claim to court on a no win no fee basis, it is tempting to want to always go with this type of legal agreement. However, it can actually be a mistake to do so in certain cases. One reason is that you can end up handing over far too high of a percentage to the legal firm for their services than you would have to pay under a straight fee structure. Say, for example, you are entitled to $500,000 in compensation but have to hand over 25% to the lawyer for their representation under a no win no fee contract. It’s likely that the $125,000 you pay is far higher than you would have had to pay under an hourly billing scenario.
What Else Should You Know About No Win No Fee?
Sometimes it can be the case that an individual has a very strong legal case but is unable to find a legal firm willing to bring it to court on a no win no fee basis. Why does this happen? Well, if the likely compensation amount is low in the event of a successful claim, then many legal firms will not be willing to take on the work and risk given the low potential reward. This can prove frustrating for many who’ve suffered a personal injury and have to take on the full risk of going to court by themselves.
Personal injury legal representation is here to stay and provides a chance for claimants, using a workcover qld claim form, to bring forward their cases without taking unnecessary financial risk. However, it isn’t always the best option for everyone and can be hard for some to obtain if they only stand to get a small payout.