How Much Does It Cost ?
At Martyn Prowel Solicitors we offer a free initial interview to discuss matters with you and advise you whether you have a potential claim. If you have, then we will of course discuss in full with you the costs options available at that stage.
Payment for the insurance is deferred to the end of the claim and, the good news is, it is only payable in the event that the claim is successful! So if we don’t win your case, you don’t even have to pay for your insurance. If we win, then there are some changes which came into force on 1st April 2013 which mean that we are no longer able to confirm that you would keep 100% of the compensation. The change in the rules means that the defendant’s insurers are no longer responsible for paying the “success fee” or the “after the event” insurance premium due in a successful claim, and these sums must now come from the compensation recovered upon your behalf.
The success fee is a percentage of our costs set out at the beginning of the claim and is agreed with you when we enter the “No Win No Fee” agreement. The good news is that the success fee is capped at being no more than 25% of the compensation, so that even in the worst case scenario, you will receive at least 75% of the compensation (less the premium). Further, as a result of the changes referred to above, the government have confirmed that the amount of those damages is increased by 10%.