Success Fees – FAQ’s
What is a success fee?
If your claim is successful (and that's what we all want!), you usually have to make a contribution to your solicitor's costs.
This 'success fee' is taken from the compensation awarded to you. The amount of the success fee depends on when your case is settled, but with Hayes Connor Solicitors you never have to pay more than 25% of your compensation.
What does a success fee cover?
A success fee is basically what your solicitor charges for managing your claim. This being the case, your solicitor should be able to account for the work they have done to justify charging the success fee. If they do not, you may be able to challenge that fee.
But you need to read the small print. There are many different approaches to the deduction of success fees. For example, the price quoted might include VAT, exclude VAT or have some element of administration charge or insurance product charge added. Always ask for a breakdown of costs at the start of your case.
What should you expect from your solicitor?
At all times, your solicitor should provide a clear explanation of the fees they are going to charge you and why. They should be clear on the amounts, the timing of the payments and any other options you may have to fund that claim (e.g. if you have already paid legal expense insurance).
Can you compare success fees and solicitors?
Unfortunately, many solicitors do not advertise their fee charges. So you might have to ask the question if you can't easily find this information.
At Hayes Connor Solicitors, we work on a NO WIN, NO FEE basis.
A no-win, no-fee agreement is an arrangement between you and your solicitor. It is also known as a Conditional Fee Agreement. And, if your claim is not successful, you won't have to pay any money for the work carried out.
However, if your claim is successful, you usually have to make a contribution to your solicitor's costs. With Hayes Connor Solicitors you never have to pay more than 25% of your compensation. And, in some large group actions, we might be able to offer 0% success fees.
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