Understanding No Win No Fee Legal Funding
If you’ve been considering a no-win, no-fee personal injury claim in Queensland, it’s essential to know the traps that can come with this legal funding arrangement. Most people who have suffered harm in an accident and can’t work battle to survive financially. So, no win, no fee looks like an attractive option.
While it seems like a simple way to get some financial compensation for your injuries, there are several things you should consider before agreeing to go ahead with no-win, no-fee funding for your case. In this article, we’ll review potential pitfalls and what you must consider. So please read on to understand more about this arrangement and whether it’s right for you.
What is 100% No Win, No Fee? >
Understanding No Win, No Fee Lawyers >
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How Much Do No Win No Fee Lawyers Take?
For people making a compensation claim, a common question is, How much do no win, no fee lawyers take? So, we recommend checking your personal injury lawyer’s fee structure before hiring them. Not only what you pay when your claim succeeds but also what you will pay if you lose. Below are the general fee structures for Queensland injury lawyers.
Professional Legal Fees
Professional fees are the legal cost of managing your personal injury claim. In Queensland, compensation lawyers cannot charge you more than 50% of your settlement figure.
Instead, no fee solicitors charge an hourly rate for the work they have completed on your behalf. Some Brisbane law firms will cap this fee, so they cannot exceed a set percentage of your payout.
Disbursement Funding
Disbursements are the reports and assessments required during the progress of your personal injury claim to build a compelling legal case. These assessments could be accounting reports, specialist physician reports, or psychological or psychiatric reviews. Generally, the costs of these will be several thousand dollars each.
Disbursement Lending
Most injury lawyers ask you to pay your disbursements upfront or agree to a disbursement loan. This loan usually has a high interest rate and adds interest to your legal costs. If you win the case, your disbursement fees plus interest will be taken from our payout; however, what happens if you lose your case? Ensure you understand this before signing an agreement with a personal injury solicitor.
What is a Success Fee?
A success fee is an additional charge a personal injury law firm could impose when they win your case. Also known as an uplift fee, it is like an additional charge for delivering a successful outcome. Note: Splatt Lawyers do not charge success or uplift fees.
Splatt Lawyers are 100% No Win, No Fee. We Fund Your Disbursements Until Settlement.
(Note – Splatt Lawyers fund your disbursement expenses until settlement, and we won’t ask you to pay them if you lose. You walk away owing zero. We also do not charge success fees. To know more about how this works – Call Us – 1800 700 125 or email us > )
Who Pays if You Lose?
If you lose your compensation case, your legal agreement will outline what happens next. Usually, there are two possible outcomes:
- You will pay nothing if you choose a law firm that funds your disbursements and legal fees (like Splatt Lawyers). Your law firm carries 100% of the financial risk of your case. If you go to court, there may be an exception – please read the next section below.
- It is standard for a no-win, no-fee lawyer not to ask you to pay their legal fees, but they will ask you to pay for your disbursements. If you have agreed to a disbursement loan, there will be a separate agreement for how those costs are recovered.
Splatt Lawyers Pay When You Lose
Splatt Lawyers is a 100% no-win, no-fee Brisbane law firm, which means if you lose, you owe us nothing. Hence, we carry the financial risk of your legal case. When you sign a legal cost agreement with us, you can relax knowing we will fund your disbursements until you achieve a settlement.
Learn more about our fees by contacting our legal team now. It’s free to have a chat about your case. Call 1800 700 125 or email us >
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If I Go to Court – who pays?
Taking your claim to court is a higher level of financial hazard. A barrister will need to represent you in court and will take their fees from your settlement if you win. The real danger here is regarding an adverse cost order.
Who Pays if You Have an Adverse Cost Order?
Most compensation cases settle out of court. However, if your case proceeds to court and you win or lose, you could receive an adverse cost order. This order means the court will determine that you are responsible for some or all the other party’s legal fees.
The danger here is that, in some cases, your adverse cost order could be higher than the value of your settlement. Your legal agreement will outline who is responsible for these costs in this situation. In most cases, no win, no pay lawyers will pass these costs on to you.
Splatt Lawyers Settles 99% of Cases Through Mediation.
At Splatt Lawyers, a case rarely goes to court. In fact, mediation settles 99% of our compensation claims. We would not take your case to court unless you instructed us to do so. Furthermore, if you were awarded an adverse cost order, we would carry this cost. This is our No Win, No Fee, No Risk guarantee!
Do No Win No Pay Lawyers Only Accept Cases They Can Win?
When a personal injury law firm takes on your legal matter, they carry your legal costs and risks. If you lose, they still need to cover their costs, including office rental, staff salaries, and other expenses. So, it is fair for them to accept cases they think will have a good outcome. But not all lawyers will view your matter equally. Some legal practitioners might think you have an unwinnable claim, while others will see it differently. So, talking with several Brisbane no win, no fee lawyers helps you understand your options before making a choice.
Splatt Lawyers Reviews Your Case for Free
Splatt Lawyers would be pleased to review your circumstances and assist you with understanding your legal rights and possible outcomes. We charge no upfront or ongoing fees; your initial case review is free. Call Now to get started – 1800 700 125 or email us >
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3 Steps to Choosing Your Best No Win, No Fee Lawyer
Step 1: Review Your Legal Cost Agreement
You should carefully review your legal cost agreement when deciding which Queensland personal injury lawyers will represent your case. This contract explains how your lawyer or solicitor will work on your behalf, including when and how you pay their fees. Pay particular attention to the following:
- What are my upfront fees for disbursements?
- Is your lawyer asking you to take out a high-interest loan?
- Will you pay disbursements if you lose your case?
- Do they charge uplift or success fees?
At Splatt Lawyers, we won’t ask you to pay for any disbursements, nor will we ask you to agree to a disbursement loan. We carry 100% of your financial risk. Just like you, we are focused on a successful outcome. Our legal team will be pleased to explain our legal cost agreement when you contact us. You can also see more about our legal fees here >
Step 2: Do They Provide Legal Advice for Your Type of Compensation Claim?
Like most Queenslanders, you will want the best possible outcome for your legal matter. There are different legal compensation matters, such as car accident claims, workers’ compensation claims, public liability claims, TPD claims, and other insurance claims. Depending on the type of matter, these can involve physical injuries, mental illness, psychiatric conditions, and other types of illness.
What is No Win No Fee ?
Step 3: Are They Accredited Specialists in Personal Injury Law?
When you have a valid personal injury claim, expecting the best possible outcome is normal, but not all compensation lawyers are the same. Generally, to get the best result, you need the best Brisbane personal injury lawyer, which will be a Queensland Law Society Accredited Specialist in Personal Injury Law.
When choosing your compensation solicitor, ask them about their experience in your type of case. What will be their legal strategy for delivering the outcome you desire?
Splatt Lawyers has been working with injured Queenslanders for more than 28 years, and our team is led by Kerry Splatt – an Accredited Specialist in Personal Injury Law. You are in safe hands with Splatt Lawyers.
Why choose an Accredited Specialist Lawyer? >
Best QLD No Win No Fee Legal Services
When selecting your Best QLD No Win No Fee Lawyer, ensure they have expertise in your type of personal injury compensation claim. Your chance of a winning outcome often depends on the skill of your lawyer or solicitor. Splatt Lawyers has been helping injured Queenslanders for nearly three decades, and our legal team is led by an Accredited Specialist Personal Injury Lawyer – Kerry Splatt. Our No Win No Fee Legal Services include:
Do I Have a Valid Claim?
Brisbane No Win No Fee Personal Injury Lawyers
If you’re considering a no win, no fee arrangement for making a personal injury claim, you must know the traps that await you. Be sure to understand what you’re getting into and talk with our Brisbane No Win No Fee Personal Injury Lawyers before signing any contract. Ask them to explain all the terms and conditions of your legal cost agreement. Who pays what in each outcome – win or lose, and if you proceed to court. Who manages your legal claim is your choice. Be sure the settlement of your case is the joyful occasion it should be for you and your loved ones.
At Splatt Lawyers, you pay nothing to understand your circumstances, so Call Now 1800 700 125 or email us >
Queensland No Win No Fee Lawyers Nearby
When you need expert no win, no fee legal advice for compensation claims, it’s good to know Splatt Lawyers are nearby. Choose your location: