In April 2013 the law on how a Personal Injury claim is funded is set to change.
Currently a personal injury claim would be funded by way of a ‘no win – no fee’ agreement. This arrangement effectively means that if your case is unsuccessful or abandoned, you will not be charged for the work carried out. However, for successful cases, change is imminent.
At present, if you win, the costs that you recover from your opponent include what is known as a ’success fee’. The success fee is calculated as a percentage of your solicitor’s basic fees.
The success fee is set to offset the risk of your solicitor not being paid should the case be lost. The success fee only becomes payable if you win your case and will usually be paid by the losing opponent.
However, from April successful claimants may have to pay up to 25% of any damages awarded for their personal injury claim in order to pay the success fee, as these will no longer be recoverable from the defendant.
With these changes pending, you need to act now if you have not pursued a personal injury claim and have been injured through no fault of your own in the last three years. Any ‘no win – no fee’ agreement entered into before April 2013 will not be subject to the new personal injury claim rules and it is less likely that a deduction will be made from your damages in payment of legal fees.
Our personal injury lawyers will always advise what is best for you, contact a member of our team on 0161 832 6972 or email a summary of your claim, with your contact details, to firstname.lastname@example.org.