Solicitors have hit out at a report claiming that the market in personal injury claims is failing because legal fees are out of control.
Arguing that fees could be reduced without restricting access to justice, a study commissioned by the Association of British Insurers (ABI) said there were insufficient market constraints, because the use of ‘no win, no fee’ agreements means clients have no role in influencing the level of solicitors’ costs.
Even when solicitors reduce their costs through efficiency, larger referral fees simply fill the gap, it said, with the average fee of £600 in 2007 now £1,000 in some cases.
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This is a written agreement between claimant and claim solicitors in which solicitors agree to act on claimant behalf in making a claim for compensation.
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The strategy behind a no win no fee policy is that if your solicitor does not win your case then you don’t pay anything. On the other hand, if your solicitor succeeds and wins your case you get 100% compensation and his fees are paid by the opponent. In other words, you pay nothing ever!
The law and the legal system are complex and delicate issues so it is always beneficial to take the help of a legal professional who has all the skill and knowledge which will work in your favour and will help in your legal matters. In case you want to hire a no win no fee solicitor who can guide you through the legal process you can always ask your friends and family to recommend or, most commonly, search on the internet. There are many websites which give you detailed information regarding firms or even individual advocates who specialise in certain law subjects. According to your requirement you can choose your advocate.
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