If your claim is successful your solicitor will seek to recover your compensation and the other side will also pay the majority of your solicitor’s fees, disbursements and independent expert report costs.
However, if your case is successful and you receive an award of damages then you may be required to pay a success fee to your solicitor and an after the event (ATE) insurance premium both are deductible from the compensation you receive.
Typically, for ‘no win, no fee’ cases, customers pay 25% of the recovered amount if their case succeeds. However, this fee can vary based on individual circumstances and the actual fee may be more or less than this. You’re encouraged to consult with other solicitors who might offer different terms before signing any agreement.
In the case where your claim is settled and you are awarded compensation, any success fee and the ATE insurance premium will have been previously discussed and agreed upon by you and your solicitor before proceeding witd the claim. This ensures there are no hidden costs or surprises.
Be aware that terminating a signed no win no fee agreement, changing solicitors, providing misleading information or failing to cooperate after the cooling-off period can incur a termination fee, which your solicitor will explain to you before you sign the agreement.