How Can A Solicitor Offer a No Win No Fee Offer

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How Can A Solicitor Offer a No Win No Fee Offer?
Have the fees a solicitor charges stopped you
from seeking compensation you deserve? You have
probably seen the advertisements for No Win No
Fee offers on television, in magazines, and
heard them on the radio. You probably are
asking the same question which pops into most of
our minds. How can a knowledgeable, high quality
solicitor afford to take on cases with the risk
of not getting paid? Another question which
should jump into your mind is How much will I
pay if I win? Lets start off by examining the
first question. Why is the solicitor willing to
take on cases with the No Win No Fee guarantee?
The answer is really very simple. The solicitor
is going to review your case thoroughly before
accepting it. He will only accept your case if
he feels there is greater than a 50 chance of
winning. Part of his business is learning how to
evaluate cases quickly and efficiently and then
taking minor risks. The solicitor offering the no
win no fee offer is making his living based upon
simple percentages. He knows if he wins more
cases than he loses he will make profits. By
offering the guarantee he is able to meet more
clients, identify promising cases, and stay busy.
He is not offering this guarantee out of
generosity, but as a well thought out part of his
business plan.
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How Much Will You Pay if You Win?
This question may be even more important to you.
Since the solicitor is taking the majority of the
risk with his offer, how much would you expect to
pay if he wins your case? Surprisingly, many
times the answer is you do not pay anything.
The majority of cases allow the solicitor to
charge the opposition for his legal fees when the
case is won. There are a few exceptions to this
rule which includes criminal justice and medical
negligence cases. The solicitor will make sure
you clearly understand your financial
responsibilities before you get started. The
ability of the solicitor to charge the opposition
leads to the second promise you commonly see in
advertisements, Receive 100 of Your
Compensation. Keep in mind this is not true on
every type of case but you will not know
definitely until you speak to a solicitor. They
will advise you on your type of case. If your
case does not match their criteria they will
either reject the case or carefully explain the
costs you will face in order to continue. Make
sure to get all agreements in writing and you
fully understand the agreement.
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Are No Win No Fee Solicitors as Highly
Qualified? There is a misconception held about
many solicitors who offer a No Win No Fee offer.
Some people have come to the conclusion only a
lower quality solicitor would make this type of
offer. If you stop and think about the facts,
the opposite may be true. A solicitor who is
willing to offer a guarantee is confident in his
ability to win. He is confident in his skills,
his understanding of the law, and his ability to
ascertain the facts about your case. The No Win
No Fee guarantee might be the best indicator a
solicitor believes in himself and is the right
person for you to visit with.