That's
right, there's a fee to pay. Not many people
grasp this... they only think if they lose they
don't need to pay. Majority of people think it's
a free service. It's true... to a certain
extent.
If
an accident solicitor wins and you receive your final
settlement, have they ever happen to mention, 'by
the way
I've won your case, my fees are £XXXX!' They've
won, haven't they and you've received your
cheque, but what about the fees?
What
happens behind the scenes...
This
is what happens but I must point out it doesn't
apply to all solicitor firms. It all in the
paperwork, some refer to it as the 'small print'.
When a client wins, the fees are received from the
3rd party, who you are claiming against. But there
are conditional clauses where you might even have to
pay for their fees additionally if they are not recovered.
Solicitors don't work for free, they also have
a family to feed and a legal firm to run.
So
what's the catch?
Solicitors
have a CFA (conditional fee agreement), which states
obligations to be carried
out by both yourself and the solicitor. There are also
other agreements such as insurance policies, medical
consent forms, authority forms and loan agreements.
Your
final settlement cheque depends on what forms you
sign. So before you go ahead and start signing
papers with any solicitor firm, ask them specific
questions.
• Will
I get 100% of my compensation?
• Will you charge me any fees, if so, why and
how?
• What's a Conditional Fee Agreement
for?
• Why is there an insurance policy for my claim
and will it be deducted from my settlement cheque?
• Why do I need sign a loan agreement?
These
are 'power' questions you
need to ask to be on the safe side of an injury
claim rather than questions like:
• How
much will I get in compensation?
• How long will my case take?
• Is there any way to speed up the process so
that I can get the settlement cheque quicker?
These
are NOT questions in terms of the solicitor helping
you. These are money related questions and
not really helpful in the initial stages of a personal
injury case. It's true that the final result
is about the money, but not at this moment.
By
asking 'power' questions, it won't
have a burden on you once your claim is settled. Communicating
with the 'right' no
win no fee solicitor helps tremendously especially if you want the maximum
final results. They are working with you, not against
you. So get these issues out of the way before you
sign any papers or you could end up in shock!
About
the Author
It's
easy to claim
compensation without receiving any
final moments of 'shock'. It's
a new era in no
win no fee claims;
ask power questions and you'll be laughing to the bank
at http://www.100Percent-Compensation.co.uk.
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