Dispute Resolution Solicitor Costs Lancashire
At The Claims Partnership, we have the same three simple rules which apply to our Dispute Resolution services, as they do to the rest of our services.
- We never charge our client’s anything until the day they receive their compensation payment.
- We guarantee that all our client’s will receive a minimum percentage of the compensation they are awarded.
- We will agree the minimum percentage that our clients receive with them, before we start work on their claim.
For our Dispute Resolution service, we guarantee most of our clients that they will receive a minimum of 60% of the compensation we negotiate for them.
How does it work?
It’s No Win/No Fee
We offer all our clients a No Win/No Fee Agreement (sometimes called a Conditional Fee Agreement), where we promise we will not charge them for our costs, unless and until we win their claim. This is a legally binding agreement on our part. Put simply, it would be illegal for us to try to charge you, if you did not win your claim. We put this in our Agreements and highlight it in red.
This is a fundamental part of our Partnership Promises to our clients and we stand by it. It means that whatever happens with your claim, it will be a completely risk free venture for you.
We take out Insurance.
At The Claims Partnership, we insure every Dispute Resolution claim that we take on as soon as the evidence in the case allows us. It works like this:
- We arrange this insurance policy for you.
- We pay for it ourselves.
- We promise that we will not ask you to pay for the cost of the insurance policy.
- We promise that the cost of the insurance policy will not be deducted from your compensation at the end of your claim.
The cost of the insurance premium varies from case to case and depends upon the type of claim, how much compensation you are awarded and at what stage of the claim process your claim settles. Premiums for Dispute Resolution claims can be very expensive and usually start at £1,500. It is not unusual for these premiums to exceed £25,000.00 in higher value cases.
Occasionally, the cost of the insurance premium is so high that it will take up most or all of the Success Fee, we take from your compensation. If this happens, then this is a risk that we have chosen to take and that we absorb. We will not allow your compensation to fall below the minimum percentage that we agreed with you at the start of your claim.
In Dispute Resolution cases it is not always possible to insure a case at the beginning. Insurance companies need some evidence before they will insure a claim and this usually requires us to carry out some investigations and evidence gathering, before we apply for insurance. This aspect of our service is covered by the No Win/No Fee Agreement and you will not be charged for this.
We take out a Success Fee
The Success Fee is the percentage of the award that we take out of your compensation claim if you win. We take this out on the day we send you the cheque or transfer the money to your bank account. The cost of insurance policies and the risk to us in agreeing to pay for this means that the Success Fee we charge has to be quite high. At The Claims Partnership, we try to ensure that the Success Fee we charge you is capped at 33.3% plus VAT or 40% of the compensation we recover for you. We are able to do this in the majority of our Dispute Resolution claims, which means that in most cases, we guarantee that you will receive a minimum of 60% of your compensation award.
We look at each claim on a case by case basis. Before we start work on your claim, we will let you know what the minimum percentage of your compensation will be. We won’t start work on your case until you have agreed that you are happy with this.