What percentage do QLD No Win No Fee lawyers take?
The Legal Profession Act 2007 mandates 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, it is rare we would reach this level of billing, 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 your compensation payout unfairly 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:
- Your accident claim settles for $ 80,000 (inclusive of costs)
- Your 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 $ 12,00
When your lawyer provides No Win, No Fee funding, they carry the financial risk of your case.
What are the hidden secrets of No Win, No Fee?
Not all No Win, No Fee law firms are the same. You must know the difference between legal fees and costs. Fees are the charges for your lawyer’s time, and costs are the expenses related to running your claim. Some compensation law firms offer No Win, No Fee funding for fees, but no costs. They will typically ask you to agree to a costly disbursement loan or pay thousands of dollars for expensive medical reports yourself.
Splatt Lawyers is a 100% No Win, No fee law firm. You pay nothing until we win your case and nothing 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 work?
Splatt Lawyers do not charge a percentage of your claim value as your legal fee. We charge by the hour for the work it takes to deliver your desired outcome.
The volume of effort needed to win a personal injury case relies on your circumstances. The factors that determine the amount of work include:
- The severity and nature of your illness or injuries
- The amount of time it takes for your injuries to stabilise
- The complexity of proving the legal liability of the negligent party
- The extent to which the defendant disputes your claim
We have been working with injured Queenslanders for nearly three decades and have helped thousands of people access their due entitlements. We have likely managed a case like yours and can guide you to your possible costs.
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 >