A no win no fee lawyer somebody who is not going to charge you money if the case is lost. This kind of fees is known as a conditional fee or a contingent fee. An individual is only required to pay if the case has a favorable outcome and they receive the required compensation.
The lawyer would only charge fee for the legal services in case of a successful lawsuit or if there is a successful out-of-court settlement. The fee is a percentage of the net recovery that the client receives.
If you hired a no win no fee lawyer you need to sign an agreement with the law firm. This is something which is practiced by number of law firms so that they are able to secure new contacts and attract new business. However it should be kept in mind that not all lawyers are willing to accept a no win no fee agreement because there is definitely a high risk associated with such cases.
The benefits of hiring a no win no fee lawyer
The benefits that the clients get from hiring such a lawyer are pretty obvious. It is the best option for most people who are financially less privileged and cannot afford the services of a lawyer. If you are in a position where you do not have the capacity to afford the legal fees of a civil litigation you might want to enter in this kind of a deal.
Another benefit of hiring a no win no fee lawyer is that you can be completely assured that they are going to work hard on winning your case. For most lawyers a contingency fee is a great motivational tool. They make sure that they are working properly on your case.
What you need to know about contingency fees
What you need to keep in mind is that a contingency fees does not actually guarantee that you are going to get justice in court. However it is often the only way for most people to go because they cannot afford the fees of a lawyer otherwise. It is also necessary that the case that is to be taken to court should be immediately transparent otherwise it might be turned down.
Before taking on the case the lawyer would also determine whether the financial award would be sufficient to cover the cost of the litigation. On the other hand as a client you also need to make sure whether the cost would allow you to receive the sufficient amount of compensation.
The lawyer may take into account a number of other factors as well. If you are petitioning a case for a personal injury they would claim for loss of income as well as emotional distress which you incurred during this time. They would need your help in providing evidence for all these claims which would need to be presented in court so that a certain amount can be awarded to you.
Always make sure that you do necessary research before hiring Gold Coast no win no fee lawyers.