No Win No Fee
We will represent you under what is commonly known as a No Win No Fee Agreement. Under the terms of the Agreement, a fee is only payable if your case is successful. If your claim is not successful you do not have to pay any money whatsoever. However, we reserve the right to send you a bill if you terminate the Agreement or fail to co-operate with us for any reason. In those circumstances, our charges are calculated in accordance with the terms of the Agreement.
Our Fee
- Our fees are calculated on a contingency basis and are determined with reference to the amount of compensation awarded to you. Please see the schedule below for how our fees are calculated:
Band Compensation awarded for a claim (£) The maximum percentage rate of charge The maximum total charge (£) 1 1 – 1,499 30% 420 2 1,500 – 9,999 28% 2,500 3 10,000 – 24,999 25% 5,000 4 25,000 – 49,999 20% 7,500 5 50,000 or above 15% 10,000 Our fees for any claim are the lower of:
(a) the maximum percentage rate of charge with reference to the amount of compensation awarded to you for a claim, or
(b) the maximum total charge.Please note that to the above sums we will add VAT at the rate in force when your claim for compensation is finalised. The current rate of VAT is 20%.
- An award is the financial benefit that you receive as a result of the claim. This is usually paid as a cheque or direct to a bank account.
- Confirmation of our fee will be issued when an offer is accepted. Payment of our fee is due within 7 days of the award being made. A receipted invoice will be issued once our fee has been paid.
- If the award is paid directly to us we will deduct our fee and send the balance to you as soon as the funds have cleared in our account.
Examples of how our fee is calculated
- e.g. 1 – If you obtain compensation of £5,000.00 – our fees would be £1,400.00 plus VAT at the current rate of 20%, i.e. £1,680.00.
- e.g. 2 – If you obtain compensation of £10,000.00 – our fees would be £2,500.00 plus VAT at the current rate of 20%, i.e. £3,000.00
- e.g. 3 – If you obtain compensation of £40,000.00 – our fees would be £7,500.00 plus VAT at the current rate of 20%, i.e. £9,000.00.
- e.g. 4 – If you obtain compensation of £50,000.00 – our fees would be £7,500.00 plus VAT at the current rate of 20%, i.e. £9,000.00.