Considering the amount of time and money one has to spend, many people refrain when it comes to filing a lawsuit in court. They will have to do constant follow-ups and make appearances in court; both time consuming and mentally draining. Though a would-be plaintiff might have suffered considerable loss and pain, he/she would keep from the decision to go to court, owing to many reasons. Fortunately, though U.S. law contains a crucial and very useful legal statute, which dictates that those who file a civil lawsuit in court, will be entitled to get some relaxation and support through the No Win No Fee compensation claim. When we consider this in detail, there are both pros and cons for the plaintiff and for the lawyer as well. If you are considering such a legal procedure, it’s better that you be informed about the various aspects of this claim process. Let us discuss this in detail.
No Win No Fee – Pros and Cons
With this statute in effect, much of people’s pressure and tension is relieved. This claim enables one to take a risk and go ahead by proceeding with the litigation. One of the ways this has backfired, though, is that there are numerous claims surface every day, and not all of them genuinely valid. There number of fake claims files is on the rise, and these waste valuable court time.
The main advantage to this claim is that the plaintiff will not have to pay for the lawyer’s fees the litigation doesn’t yield a settlement. This means one can confidently sue, without worrying about the loss of money that would have to be planned for otherwise. Another disadvantage is that, around one third of the amount recovered as damages, is charged by the lawyer towards his fees, for appearing in court and presenting the case in favor of the client. If the litigation takes up too much time, and if the client decides to pay for it, the final lawyer fee is likely to exceed the recovery amount; this will be a problem for the client. As opposed to this, the lawyer gets the benefit of receiving more money than he could have earned on an hourly rate. But if the lawsuit fails, the lawyer does not get paid.
The above information, no matter how helpful, cannot substitute for legal advice. Please consult a reputed no win no fee attorney before filing this claim.Google+