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No Win No Fee – How does it work?
Most compensation legal firms will charge on a No Win No Fee arrangement. This means you are not required to pay any legal fees unless there is a successful outcome either by a verdict or settlement.
Here at Stacks Goudkamp our No Win No Fee service will cover the professional fees of our experienced lawyers as well as cover disbursements such as medical reports, court fees and expert’s fees.
Costs are payable at the conclusion of your claim once your solicitor receives settlement monies and a memorandum of professional costs and disbursements is issued.
If your matter proceeds to a determination and you are not successful, whilst no legal fees are payable to your solicitors, you are still required to pay the defendants costs and disbursements on a party /party basis. This can amount to quite a few thousand dollars.
In workers compensation matters this is a bit different as we have ILARS approved lawyers who can seek funding from the Workcover Independent Review Office (WIRO). Provided funding is granted then WIRO can pay our legal costs and disbursements in seeking to challenge the insurer’s decision to decline a work related injury.
If you or someone you know has been injured in an accident, you may be entitled to compensation. For more information on our No Win No Fee policy, and to arrange a free, no-obligation assessment of your claim, please call Stacks Goudkamp on 1800 25 1800, or alternatively make an online enquiry.
Anna Tavianatos is a Group Practice Leader at Stacks Goudkamp. Anna works on a variety of compensation claims including accidents on the road and public liability claims, Workers Compensation and Work Injury Damages.