What percentage do QLD No Win No Fee lawyers take?
The Legal Profession Act 2007 mandates that the maximum a personal injury lawyer can charge you when handling a compensation case on a no-win, no-fee basis is 50%. However, at Splatt Lawyers, we rarely reach this billing level, and we would advise you in advance if this were your situation.
What is the 50/50 rule?
The 50/50 rule provides you with legal protection from overcharging. This rule means you cannot have a compensation payout unfairly and wrongly reduced by excessive fees. It prevents your lawyer from giving you a bill larger than your settlement amount.
Your lawyer cannot lawfully take more fees than you get in your bank account from your settlement.
Here is an example:
- An accident claim settles for $80,000 (inclusive of costs)
- Disbursement fees (such as medical assessments and reports) are $15,000
- You now have $65,0000 to be split between you and your lawyer
If your legal team did work totalling $45,000, they could still only charge a maximum of $32,500, which means they lose $12,000.
When a lawyer provides No Win, No Fee funding, they carry the financial risk of the case.
What are the hidden secrets of No Win, No Fee?
No Win, No Fee law firms have different charging models. Consequently, you must know the difference between legal fees and costs. Fees are the charges for the lawyer’s time, and costs are the expenses for running a claim. Some compensation law firms offer No Win, No Fee funding for fees, but no costs. They typically ask you to agree to a costly disbursement loan or pay thousands of dollars for expensive medical reports.
Splatt Lawyers is a 100% no-win, no-fee law firm. You pay nothing until you win case and zero if you lose.
Protect yourself from complicated legal cost agreements that are designed to disguise hidden fees and costs by checking out: The hidden costs of No Win, No fee >
How do Splatt Lawyers charge for personal injury legal advice?
Splatt Lawyers do not charge a percentage of your settlement value as your legal fee. Instead, we charge only for the work required to resolve a claim.
The effort required to resolve a personal injury case relies on the circumstances. The factors that determine the amount of work include:
- The severity and nature of illness or injuries
- The amount of time it takes for injuries to stabilise
- The complexity of proving the legal liability of the negligent party
- The extent to which the defendant disputes a claim
Splatt Lawyers can explain your potential costs during a free consultation.
Our legal fee agreement outlines how we charge and what you might expect. You can help to reduce your fees by reading more about our legal pricing here >