One of the most common questions raised when you consider bringing a claim for compensation is “will it be worth it?” It is commonly known that bringing a claim is a long, laborious and stressful process. It is not something that should be taken on lightly. Even if your legal team do the majority of the heavy lifting for you, you will still need to be involved and you will need to be able to commit to the case. Therefore, it is not uncommon for many people to want to know if the hard work and the potential stress involved will be worth it.
When you bring a claim some of your earliest questions are going to be, “How do I pay for this?” “Can I get legal aid?” “What is no win, no fee?”.
Funding a claim is a common concern, especially if you have just lost or left your employment and money is a bit tight until you can secure new employment.
This article attempts to reassure and explain exactly what your funding options are so that you are in a position to further investigate which option you believe will work best for you. The article will also cover in some detail the most common method of funding an employment claim, no win, no fee agreements.
In this article, we will explain what a No Win No Fee Agreement is and what questions you need to ask your solicitor before you sign one.
What Is No Win No Fee
LawCat Definition: No Win No Fee (Proper legal name: Conditional Fee Agreement or Contingency Fee Agreement depending on which you use) is very straight forward. It means that if your claim is unsuccessful, you will not have to pay any legal costs.
This does not mean that you will pay nothing!