To put it simply, it means:
if you get no compensation, you don’t pay us.
Here at Ascent Lawyers, we offer a “No Win No Fee” costs agreement in personal injury cases, such as:
For personal injury cases, we will bill you based on our hourly rates. Our professional fees cover the time required for your lawyer and legal team to work on your case, with some cases taking longer to run than others.
You may be concerned that you could be left with little compensation once legal fees are paid. You’ll be relieved to know that Queensland law protects your interests by placing a maximum limit on the professional fees and the uplift fee that can be charged by “No Win No Fee” lawyers.
You might be wondering what does this mean for your compensation money. The formula looks like this:
(Total Compensation Amount – Disbursements* – Statutory Refund) x 0.5 = Your net recovery = Our legal fee
*Disbursements refer to payments made to third parties, such as admin fees for medical records or fees paid for an independent medical examination report.
In other words, the 50/50 rule ensures our legal fee cannot be more than what you get in your pocket.
Maybe!
Lawyers do have to deal with more risks and financial pressure with a “No Win No Fee” cost agreement. That is why the law allows for an uplift fee to compensate for the risks and financial pressure.
An uplift fee is an increase in legal fees if we win. The maximum uplift fee you can be charged cannot be more than 25% of the legal fee.
Most other firms will want to keep their rights to an uplift fee. However, unlike those firms, we promise to never charge an uplift fee to any clients.
For you, as the client, there is no risk.
All fees from your case will only be paid after we get your settlement money. You have no financial pressure and will be receiving guidance from our compensation lawyer immediately. You don’t need to worry about anything. You only need to cooperate with our compensation lawyer and we will sort out the rest.
If your case has little chance of winning, we will let you know, because:
We are very careful with choosing what cases to retain. As a result, we have never been in the position of losing or having any client pay the other party’s costs.
Here at Ascent Lawyers, we strive to protect every client’s rights and to maximise your compensation amount. We will evaluate your case from every aspect before taking it on. If there are any issues or merits to your case, we will explain them all in detail.
We are committed to safeguarding all of your rights and interests. Please rest assured that we will never let a “No Win No Fee” cost agreement influence our ethical duties to act in your best interest.
We are committed to helping you at a difficult time in your life.
For personal injury claims, we will not charge you any fees unless we recover compensation for you.
Most law firms charge up to 25% uplift fees of usual legal fees, but we will not charge any uplift fees!
If you are unable to meet us during business hours, we can always come see you either after work or even during weekends.
Committed to ensuring the best possible outcome for you. We will update you on any progress and changes.
We speak your language (English/Mandarin/Cantonese). We are easily accessible by phone, email, social media and SMS.
We believe in the strict compliance to all ethical standards. Guiding you through each stage of your case is our pleasure.
We are always happy to help you figure out what to do.
Our experienced lawyers will listen to your story and tell you what to do next.
Once you engage us, we will gather the required details and work on your case.
We provide the most efficient solution and give you instant updates.
We will strive to achieve the result satisfying your best interests.
