Under the No Win - No Fee arrangement, if your claim is unsuccessful you may not need to pay any legal fees.
Cycle Law is committed to providing you with great legal advice that doesn't take more than half of your compensation. In fact we cap our professional fees at 30%. We negotiate fiercely on your behalf with the insurer so that our fees are as low as possible in relation to the amount you receive in your hand.
We offer these arrangements on a case-by-case basis. Before we will accept your case on a No Win No Fee basis we must be satisfied that:
- Your claim has legal merit
- Without the arrangement you could not afford to take legal action
- You are fully aware of any likely costs to prepare and run your case
- You are informed of the risk of paying the other party's costs if your claim is unsuccessful. This is a potential risk in all litigation.
We will set out the conditions for the arrangement in a written Fee and Retainer Agreement which you will need to sign before we start work on your claim.
The Fee and Retainer Agreement also sets out our obligations to you, the client, which in general terms are to:
- Work on your claim in a prompt, efficient and professional manner
- Regularly inform you of the progress of your claim
- Consult you before any special or unusual expense is incurred
- Advise you if and when our estimate of your legal costs changes substantially.
Under a No Win - No Fee arrangement we ask that you, in general:
- Tell us openly and honestly everything that is relevant to your claim and let us know of any material change in your circumstances that might impact on your claim
- Fully co-operate with us and do everything that we reasonably ask
- Accept and follow all reasonable advice that we give you. But, if there is a dispute about whether our advice is reasonable, we both agree to accept the opinion of an independent barrister agreed between us, or, if we cannot agree, one nominated by the law institute or society in your state
- Retain Cycle Law as your lawyers until your claim is finalised.