Injury Lawyers 4U et al

horseshoes | 16:13 Mon 22nd Nov 2010 | Civil

5 Answers

I'm just curious. On teir adverts they say that the claimant gets 100% of the amount awarded. How then, do they make their money?

Debt at Wrong Address

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bednobs

the losing side pay costs

dennisb66

I think they do a deal with the insurance company they are claiming against.

horseshoes

Question Author

Ah. Thanks Bednobs.

horseshoes

Question Author

...and thanks Dennis

Barmaid

There are two ways - both covered above but here is a little more detail.

First is that they get you to buy an "after the event" (ATE) insurance policy. This policy pays the costs of fighting to trial irrespective of result.

Secondly, they enter into a contingency fee agreement (ie no win no fee). Thus if you win (ie settle before trial or win at trial) the other side pay the costs. If you do not win, then the solicitors have done it "at risk" and receive nothing for the work they have done. However, generally speaking a solicitor will only take on a no win no fee case if he has a very good chance of winning.

Generally speaking these such firms will use a combination of both of these methods.

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