Most of us are familiar with the phrase "No Win No Fee" but not everybody understands exactly what this means.
No Win No Fee is the common term used for what is know as a Conditional Fee Arrangement. In England and Wales this essentially means that the lawyer representing your case will only get paid if they are successful in winning compensation. The lawyer could also get a success fee. Both of these fees are generally paid by the losing party which means that you get 100% of any compensation settlement.
If the case is lost by your solicitor then your solicitor will not get paid anything. The winning side will of course be entitled to their costs but your solicitor will often be able to arrange insurance to cover this event. This is commonly known as After the Event Insurance.
No Win No fee allows people who may not otherwise have the financial means to appoint a lawyer to fight a case for compensation. These days it is very easy to make a compensation claim by completing an online form or making a quick telephone call.
Here at Pinstripe we have a very experienced UK based team of compensation lawyers who will fully understand your situation and offer you friendly advice on how Pinstripe can get you the compensation you deserve.
