A CSF is an agreement between you and your lawyer. It is agreed that you will not pay any legal fees or withdrawals unless an agreed condition is met. If you don`t succeed with your right to compensation, you won`t have to pay your lawyer`s legal fees. You may have to pay payments to your lawyers, i.e. the cost of things such as interpretation fees, court fees, medical reports, expert fees, etc. It depends on your agreement with your lawyer. If you do not succeed in your action, you may also be required to bear the defendant`s legal costs. There is always the risk that if you do not succeed, you will have to pay the legal fees on the other side, but not yours. Whether no Win-No Fee, No Win-No Charge or No Win-No Pay, in law, these agreements are referred to as contingency cost agreements. This means that the payment depends on a successful result. They have most often been involved in disputes involving bodily injury and testamentary disputes. Senario`s worst case is that you may not have to pay his “professional fees” to your own lawyer, but you may be responsible for hundreds or thousands of dollars in your attorney`s fees.
Worse, if you lose, you can be held responsible for the legal costs of the estate. So there are risks. Some law firms use external companies to finance the payment of their legal fees and payments. A private company pays lawyers` fees to your lawyers (whether the claim is concluded or not) if the claim progresses. Be careful with such agreements and make sure you understand how overwhelmed you are. Sometimes these deals can have hidden costs and calculate a percentage of what you receive as compensation. *Garling Lawyers does not offer no-benefit cost agreements in most types of claims, but the terms apply. Whether or not your claims are successful depends on the definition of a “successful claim” as described in the cost agreement. . . .