“No win no fee” cost agreements are a unique way to offer legal services to those who otherwise wouldn’t be able to afford it. Put simply, a lawyer’s payment is contingent on a successful outcome. The idea is that people who can’t afford to pay legal fees are not deterred from pursuing a claim.
However, these agreements can operate in a variety of ways depending on the firm. You’d be forgiven for thinking that the arrangement simply means that if you don’t win, there is nothing to pay. This isn’t always the case. There are important details and considerations you should be aware of.