How Much Does a Personal Injury Lawyer Cost?
If you have been injured in an accident, you may be considering making a personal injury claim. The first question that comes to your mind might be “how much does a personal injury lawyer cost?” We understand that being involved in an accident is a stressful event, so we want to make your personal injury claim as stress free as possible.
At Beacon Law, we specialise in no win, no fee personal injury claims – this means that if you have been involved in an accident that was not your fault, you will be able to make a claim and not pay a penny up front. This should minimise some of your initial worries about how much a personal injury lawyer costs.
What are no win, no fee claims?
A no win, no fee claim does exactly what it says on the tin. If your claim is unsuccessful, you will not have to pay any of our legal fees. However, if your case is successful, you will have to pay a success fee, which will be deducted from your compensation award when your claim has been settled.
When you enter a no win, no fee agreement, you will be required to sign a Conditional Fee Agreement (CFA), which means that you agree to pay our fees, but only if you win your case.
When you make a personal injury claim, there are costs involved in all stages of the process from both parties. The costs incurred in a personal injury claim can include court fees, expert fees, travel expenses, and the costs of obtaining personal medical records and expert witness reports.
When you enter a no win, no fee agreement, you will not be liable to this firm or our fees if you lose your personal injury claim. However, if your case is unsuccessful, you may be liable to some of your opponent’s legal costs and expenses. These expenses may be covered by some insurance policies.
The main types of claims we offer include, but are not limited to:
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Personal injury lawyer cost: Legal Expenses Insurance
There are two types of legal expenses insurance – Before the Event (BTE) insurance and After the Event (ATE) insurance. You may have already taken out a Before the Event (BTE) Insurance policy when you renewed your existing insurance policy (car insurance, house insurance etc), but it is important to read the terms and conditions of your policy.
An After the Event (ATE) Insurance Policy is normally taken out after the “event” or accident has occurred. At Beacon Law, we normally recommend taking out an After the Event insurance policy when you enter the no win, no fee agreement so that you are not personally liable for your opponent’s costs if your claim is not successful.
If you lose, you will not have to pay any fees or costs to your opponent, and the insurance premium may even be self-funding and may pay for itself. This should give you confidence in going forward with your claim, knowing that you will not be out of pocket if the claim is not successful.
If your claim is successful, however, you will have to pay the insurance premium. This will normally be deducted from your final compensation payment.
How much will I be charged if I win my case?
When we process a no win, no fee claim, we are taking a huge financial risk – if you lose, we do not get paid.
As we have mentioned before, if you enter a no win, no fee agreement, or a conditional fee agreement (CFA), you will be expected to pay our fees if your case is successful. The total amount of compensation that you will receive depends on the costs incurred during the process of the claim.
We can usually recover the majority of the costs on your behalf from the losing party.
A change in the law in April 2013, which aims to protect law firms, means that the success fee can no longer be recovered from the defendant. The success fee is not a fixed cost; it is usually capped at 25% of your damages. You will be expected to pay the success fee from your compensation. This means that if your claim settles at £4,000, we will deduct a £1,000 success fee from your final compensation award.
If you take out an After the Event (ATE) insurance policy, the insurance premium will also be deducted from your final compensation payment.
I am a member of a trade union
If you are a member of a trade union, you may receive 100% of your compensation award if your union agrees to fund the claim. Many personal injury claims are funded by trade unions, whether the accident happened at work, on the road or elsewhere. The trade union will usually pay the legal costs, legal fees and success fees, meaning that as a member, you will receive 100% of your compensation award.
Personal injury lawyer cost: Will I need to pay anything if I lose?
The short answer is no. If you enter a no win, no fee agreement and have an appropriate legal expenses insurance policy, it means you will not pay any of our fees if you do not win your case.
As long you have an appropriate Before the Event (BTE) or After the Event (ATE) insurance policy, you will not be personally liable for any costs or legal fees from your opponent.
If you do not have an appropriate insurance policy, you may still be liable for some of your opponent’s legal costs or legal fees
Circumstances when you may be required to pay our fees
· If you win your case – as mentioned above, if you win your case, you will be expected to pay a success fee, which is capped at 25% of your compensation award.
· In the unlikely event that you wish to end your no win, no fee agreement – you will be expected to pay our basic fees, unless we agree to await the outcome.
· If you breach your no win, no fee agreement by failing to cooperate fully with us – you will be expected to pay our basic fees.
- If you have been dishonest at any point in your claim; this can include exaggerating injuries, giving information which you know is inaccurate or false, or failing to disclose any important information relating to your accident or case.
How can Beacon Law help?
At Beacon Law, we understand that many victims will wonder “how much will a personal injury lawyer cost?” after an accident. It is for this reason that we specialise in no win, no fee personal injury claims. We are a team of highly experienced personal injury solicitors and legal professionals. If you have been injured in an accident that wasn’t your fault, our team of experts will be happy to guide you through the process of making your personal injury claim and to discuss the funding options further.
You can find more information about the funding options available to you by visiting the Funding your Case page, otherwise please contact us and we will be happy to go through the process with you to start your claim.