‘No win‐no fee’ costs agreementsNo Win-No Fee Costs Agreement • April 29th, 2020
Many lawyers and law firms enter into ‘no win ‐ no fee’ costs agreements with their clients, undertaking legal work on their behalf on what is sometimes called a ‘speculative’ (or ‘spec’) basis.
ContentsNo Win-No Fee Costs Agreement • December 6th, 2012
Introduction 3 What is a ‘no win ‐ no fee’ costs agreement? 3 In what kinds of cases can I ask for a ‘no win ‐ no fee’ costs agreement? 4 What if my lawyer won’t enter into a ‘no win ‐ no fee’ costs agreement? 4 My lawyer will take my case on a ‘no win ‐ no fee’ basis. What do they have to do now? 5 What is an ‘uplift fee’? 5 The ‘50/50’ rule 6 What happens if I change law firms under a ‘no win ‐ no fee’ costs agreement? 7 How does the ‘50/50’ rule work if I change law firms? 7 What should I be aware of when considering a ‘no win ‐ no fee’ costs agreement? 7 What is a litigation loan? 8 And finally… 8
