One thing that will naturally come up in the world of personal injury would have to be your costs. Now, if you’ve been following along in our series you might think “What costs could they honestly be talking about, since I have this no win no fee thing going on?” The truth is that while you have a contingency case, that doesn’t mean that there aren’t costs to deal with. Generally speaking, you will three different types of costs involved.
You will have the charges involved for your legal advocate that you contacted (the no win no fee agreement), along with the expenses that are paid on your behalf for experts and also for the Court fees. Finally, you have the legal costs your opponents will have to pay in order to defend the claim.
The person who loses the case generally has to pay the costs of the winner. So if you win, your opponent will pay for your costs. However, if you lose the case you’ll be asked to pay your opponents’ legal costs.
This might sound scary, but it’s really not something that you have to be afraid of. What you have to do is make sure that you take out some insurance that can cover the expenses you would have if you had to pay for your opponent’s costs. Some policies require that you pay only if you win, which means that if you lose the insurer will cover your expenses and your opponent’s legal costs as well. You can claim the cost of the insurance from your opponent along with the rest of your legal fees.
Knowing your costs means that you go in fully informed. Your solicitor will let you know about your honest chances of winning the case. Don’t get offended if they say that you really don’t have a case. They’re not getting personal with you. On the contrary, they are obligated by law to give you the best advice possible. They can’t tell you that you have a great chance if the evidence within the case just isn’t as strong as it needs to be.
Do you want to end up having to pay the legal fees of the other side? You might be able to reach a settlement without going to court. The solicitor will let you know whether this is a possibility, and they will try to work on that on your behalf. If you are willing to accept a settlement, it’ll allow you to get money faster than if you were to have to just sit around waiting for the Court’s decision. Why not look deeper into these issues, while they’re still on your mind?