One of the most popular questions LawCat is often asked is:-
“How much will it cost me to bring a claim?”.
While being one of the most common questions, it is also one of the most difficult to answer as it can depend on several different things including, but not limited to:-
1. Are you using a solicitor and self-funding?
2. Are you using a solicitor and on a No Win No Fee Agreement?
3. Are you bringing a claim through your insurance company?
4. Are you bringing the claim yourself without a solicitor?
IF YOU ARE USING A SOLICITOR AND SELF-FUNDING.
This is probably the most expensive option as you will be paying the solicitor’s hourly rate. Hourly rates can range from firm to firm and are dependent on how experienced your solicitor is. Guideline Hourly rates can be found here.
As you can see, even the lower grades are expensive. However, if your claim is successful, you can bring, as part of your claim, a claim for costs which the Defendant will have to pay.
You will also have to pay your solicitors disbursements. Disbursements are items your solicitor needs to purchase to continue your claim, such as your medical records, the medical expert, court fees, etc. These can range from £50.00 for your medical records to hundreds of pounds for medical expert reports, to thousands of pounds for court costs (depending on the value of your claim).
IF YOU ARE BRINGING A CLAIM THROUGH YOUR INSURANCE COMPANY.
This is probably the most cost-effective way to bring a claim. If you have selected the option on your car or home insurance that covers you for legal claims, then your insurance company will use their in-house solicitors to run the claim on your behalf. They should also pay the disbursements. However, each policy is different, and you will need to check very carefully to see what you are and are not covered for.
This also has the downside of meaning you’ll likely never meet your solicitor, all contact will be done via telephone, post and possibly email.
IF YOU ARE USING A SOLICITOR ON A NO WIN NO FEE AGREEMENT?
A No Win No Fee Agreement means you will not pay legal fees. If you are unsuccessful, then these charges are written off, and if your claim is successful, the Defendant pays your legal fees. However, you may still have to pay disbursements. Your firm may ask for money up front for this (is successful these costs can sometimes be recovered from the Defendant), or they may only ask you to pay the disbursements if your claim is unsuccessful.
IF YOU ARE BRINGING THE CLAIM YOURSELF WITHOUT A SOLICITOR?
In this situation, you will not have to concern yourself with legal fees as the solicitor is no longer involved in the claim. You will however still have to pay for everything you need to forward the claim, the disbursements.
In conclusion, the cost of your claim will depend on how your claim is brought, if it is brought privately, through your insurance company, or on a No Win No Fee agreement.