No win no fee
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No win no fee is generally used in the English legal system to refer to a conditional fee agreement between a law firm and a client. The usual form of this agreement is that the solicitor will take a law case on the understanding that if lost, they will not get paid.
However if the case is won the lawyer will be entitled to his normal fee based on hourly billing, plus a success fee. The success fee in England must be as a percentage no greater than 100% of the normal fee, provided this contrasts with the contingency fee in the USA which gives the successful attorney a percentage of the damages awarded in favor of his client.
[edit] See also
[edit] External links
- CLS Direct Information Leaflet 12, Oct 2006
- The Law Society - No win no fee arrangements
- No Win No Fee Directory - No win no fee solicitor directory
- No Win No Fee Compensation - National Accident Helpline