Our No Win – No Fee arrangement allows everybody the right to legal representation, regardless of their financial circumstances.
What Does No Win – No Fee Mean?
No Win – No Fee means that if your claim is unsuccessful, you do not have to pay legal fees or outlays. We get paid at the end of the claim when you do. We carry all expenses involved in the claim until final settlement. You are not required to pay anything up front.
No Win – No Fee means that if your claim is unsuccessful, you do not have to pay legal fees or outlays.
Is There a Catch with No Win – No Fee? Are There Hidden Fees?
Our team of Gold Coast no win-no fee Lawyers do not charge loan fees or interest on legal fees or outlays (many of our competitors charge these extra fees, which can add up to a lot of money).
There is nothing complicated or tricky about our no win no fee arrangement. We do not get paid unless you win. We will also guarantee that we will not walk away from any compensation claim with more money than you by applying a cap on the amount of fees that you will be charged.
What Costs are Associated with Successful No Win – No Fee Cases?
The amount of our costs is calculated according to a Costs Agreement that we are required by law to enter into with all of our clients. The amount of costs can vary from case to case, depending on the nature of the claim, your type of injury and how the insurance company conducts its defence of the claim.
Under our Costs Agreement we pay for all expenses associated with running of the claim, including medical report fees, court filing fees and barristers’ fees, if necessary.
Sometimes the expenses incurred to run a case can be significant, particularly in claims involving a catastrophic injury. Many law firms require their clients to take out “litigation loans” to pay for expenses. These loans attract an application fee, much the same as applying for a loan at the bank, and high rates of interest. We do not use litigation loans in any of our cases at GC Law.
After the case is determined to be successful, Personal Injury Lawyers are not allowed to charge a percentage of what their client recovers, like lawyers do in America or any contingency fees. However, there seems to be a trend with the large firms that they will charge their clients close to 50% or half the compensation the client recovers.
A contingency fee is the name given to the fee that a lawyer will charge at the end of the case calculated as a percentage of the amount of the settlement. Contingency fees for personal injury claims in Australia are illegal. There must be a basis for calculating the lawyers’ fees, other than as a percentage of the amount recovered, like for example hourly rates or court scales.
Whilst we don’t charge percentages of what our clients recover, our costs are generally closer to 30% of the total amount recovered. This will vary greatly depending on several factors and we are always transparent about fees before proceeding with any case.
Is No Win – No Fee Available in all Cases?
However, before we accept a case on a No Win No Fee basis we need to assess the case according to the following general criteria:
- Whether your claims has reasonable prospects of success; and
- Whether the amount of compensation recoverable in the case makes making the claim worthwhile for you in the first place, after payment of legal costs and expenses.
To find out if your case qualifies for a No Win No Fee arrangement, get in touch with us today for a Free Case Review – it’s simple to do. Call us on 1300 302 318 or fill in the enquiry form and we will review your case within the next day.
Free Initial Appointment
We offer a free initial appointment so you can get advice on where you stand. We’ll explain your rights, the process involved and how our fees are calculated. We’ll make sure there are no nasty surprises.