Novum Law offers No Win No Fee compensation, so you don’t have to worry about any upfront or ongoing costs of making a claim. When we say No Win No Fee, we mean it. We help to take the stress out of compensation claims by ensuring that there are no unexpected charges or hidden costs during your claim.
What is No Win No Fee?
No Win No Fee is another name for a Conditional Fee Agreement (CFA). It allows you to pursue your case in the knowledge that, in the unlikely event that your claim is unsuccessful, you will not be responsible for any fees. It also means that you do not have to pay any fees upfront. If your claim is successful, you may have to pay a success fee and limited legal costs from your compensation. This is agreed between you and your solicitor before you start your claim and you will be kept regularly updated throughout your claim. Click here to read our printable guide to funding your claim.
How does No Win No Fee work?
Our team will start by meeting with you for a free, no-obligation chat to advise you on your claim.
With No Win No Fee funding, ‘After the Event Insurance’ is often arranged by Novum Law to cover your disbursements as well as the costs and disbursements of your opponent if your claim is unsuccessful. This means that, in the unlikely event of your claim being unsuccessful you won’t pay anything as the premium for the policy is self insured it is not payable. We will not charge you and your insurance policy will cover your disbursements as well as the costs and disbursements incurred by your opponent.
If you win, the cost of the insurance policy is paid at the conclusion of your claim and this can be deducted from your compensation. Your solicitor will explain this to you and answer any questions you may have right at the start of your claim.