'No win, no fee' means you don't pay for legal fees unless you win.
We will act on a ‘no win, no fee’ basis for all compensation matters.
If your claim is not successful, you will not pay a thing.
Lawyers running 'no win, no fee' claims are entitled to charge an uplift fee of up to 25% on top of their legal fees.
For example, if your legal fees are $20,000, some lawyers will charge an additional $5,000 in uplift fees for taking your claim on 'no win, no fee'.
We think this is unfair and we do not charge uplift fees. We only charge you for the work we do.
We engage independent cost assessors to look at our files to independently calculate our legal fees, based on the work we have completed.
This gives our clients peace of mind knowing that there will always be an independent cost assessor expert assessing our work and what we charge our clients so we can maintain absolute transparency, all at no cost to you.
Our hourly rates are much lower than our major competitors. We are able to keep our fees low because we don't have extensive overheads, large teams of people, or expensive city office space.
Sometimes we will need to spend money on your case to help make sure you maximise your compensation.
These money we spend on items such as medical reports, expert reports, barrister’s fees, filing fees etc are called disbursements. These are necessary to make or enhance your claim.
Disbursements will be charged on top of any fees. We have flexible options for funding these disbursements.
Iconic Legal will normally be in a position to pay for small disbursements. However, for some disbursements, which may exceed $300, we normally obtain funding and we are able to facilitate that on a ‘no win, no fee’ basis.
You will never need to pay any money after we offer to act for you on a 'no win, no fee' basis.
In many cases the insurer (or the other side) will be responsible for paying a portion of your legal costs if your claim settles for above a certain amount.
The amount awarded towards your legal costs is often in addition to the compensation you are awarded.
The amount paid towards your legal costs is different in every claim.