You may have heard the phrase ‘No Win No Fee’ on various adverts, the legal term for it is actually Conditional Fee Agreement (CFA), however ‘No Win No Fee’ is more commonly used. It is used as a marketing term and has no legal basis.
No Win No fee in simple terms means that you don’t have to pay towards the legal expenses incurred for your solicitor to process your claim, associated legal costs, and any financial outlays for the work carried out. If your claim is unsuccessful you will not have to pay your solicitor for all the work that has been carried out. These costs are written off by the solicitor.
If you win, the party at fault will pay all the solicitor’s legal costs and expenses, your solicitor will be entitled to a fee, which is known as the ‘success fee’ this fee is usually deducted from the compensation.
This allows you to make a compensation claim without having to pay for the work, and without taking any financial risks.