Funding a medical negligence claim:
No win, no fee (Conditional Fee Arrangement)
It is possible to limit costs by entering into a “no win, no fee” arrangement (CFA). This works by our agreeing with you that we will not charge you any costs unless and until you win your case for compensation. If you win, your costs will be paid by the defendants. We will also agree with you at the outset a further amount (a percentage of costs) to cover the risks we take in accepting your case, which is agreed with you at the outset, and which may have to be paid out of your compensation, though we would try to get the defendant to pay.
If you lose we get paid nothing – and the defendant will expect you to pay their costs. We will try to arrange an insurance policy which, if you lose, will pay your opponents’ costs, together with monies paid out by both parties, for example, for experts’ reports. Payment of the insurance policy is usually delayed until the end of the case, and is usually drawn up in such a way that the bulk of costs are recovered from your opponents in the event that you are successful.