If you`ve suffered a personal injury and are considering making a claim, you may be wondering how much it will cost you. One option is to enter into a Conditional Fee Agreement (CFA) with a solicitor. Here`s what you need to know about CFAs and how they work.
What is a Conditional Fee Agreement?
A Conditional Fee Agreement (CFA) is a legal agreement between you and your solicitor. It is also known as a `no win, no fee` agreement. Essentially, it means that if your claim is unsuccessful, you won`t have to pay your solicitor`s fees.
If your claim is successful, your solicitor`s fees will be paid by the other party. In addition, your solicitor may be able to recover `success fees` from the other party. Success fees are additional fees that your solicitor can charge if your claim is successful.
How much will it cost me?
If your claim is successful, your solicitor`s fees will be paid by the other party. However, you may still have to pay some fees yourself. For example, you may have to pay for medical reports or court fees.
If your claim is unsuccessful, you won`t have to pay your solicitor`s fees. However, you may have to pay the other party`s legal costs. Your solicitor can advise you on the potential costs involved in making a claim, and whether a CFA is the right option for you.
How do I find a solicitor?
If you`re considering making a personal injury claim, it`s important to find a solicitor who is experienced in this area. You can search online for solicitors who specialise in personal injury claims, or ask for recommendations from friends or family.
When you`re looking for a solicitor, it`s important to check that they offer CFAs. You should also check their success rate in personal injury claims, and ask for references from previous clients.
In conclusion, a Conditional Fee Agreement can be a good option if you`re considering making a personal injury claim. It means that you won`t have to pay your solicitor`s fees if your claim is unsuccessful, and can help to reduce the financial risk involved in making a claim. However, it`s important to find a solicitor who is experienced in personal injury claims and who can advise you on the potential costs involved.