In a Court case without a no win, no fee agreement the loser normally pays the costs of the winner in addition to their own costs.
- In no win, no fee cases, we agree not to charge a fee unless the action is successful
- In no win, no fee cases costs risk are limited to paying the other side's costs if you lose, plus any 'disbursements' (such as the cost of expert witness reports) & Court costs
- You can, however, buy insurance to cover these costs and we generally recommend that you do so
Running a legal action on a no win, no fee basis with costs insurance means we are taking the largest financial risk:-
- In no win, no fee cases, if you lose we don't get paid, but the insurance will cover your exposure to the other side's costs
Because of this risk, we will charge an extra 'success fee':-
- The success fee varies depending on how risky the case is
- Provided the success fee is reasonable, the Court will normally make the loser pay it
The two forms of legal insurance you can buy to cover Court costs are called:-
- After the event (ATE) which is bought when you are in dispute and need to cover your costs and the other side's legal bill should you lose
- Before the event (BTE) which is commonly sold with house or motor insurance policies to cover your costs in the event of your being sued
One of the first steps we will take in advising you on funding is to check whether you have 'Before the event' insurance cover in place already.
Please contact us to discuss how our solicitors can help you with your No Win, No Fee claim.
