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No win, no fee arrangements help people get justice
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The introduction of no win, no fee arrangements means people and companies with a good case can get justice without worrying about cash flow, the Law Society said.
It stated that previously, a lot of people could not take their compensation case to court because they were worried it would be too costly.
But no win, no fee agreements allow people to get the compensation they are entitled by sharing the risk with their lawyers and without restricting their cash flow.
Previously, even those with high-value commercial claims could be put off from bringing a claim because they were worried about cash flow and taking a risk.
But now they can get justice with fewer financial stresses and lower risks.
Conditional Fee Arrangements (CFAs), often known as no win, no fee arrangements, were introduced by the Courts and Legal Services Act 1990.
They allow a solicitor to take a case on the understanding that if it is lost the client will not be charged for the work.
But if the case is won the solicitor can charge a success fee on top of the normal fee to compensate for the risk of not being paid.
