Things I’ve learnt,
All solicitors are now asking for success fees from their clients.
Why?
The government have changed the rules as of 1st April 2013.
Now there is a financial limit to what can be claimed as costs from the other side, the shortfall is expected to be made up from the awards given by the court / settlement.
The following limits apply to success fees:
1. Cannot exceed 25% of the total award / settlement.
2. Cannot exceed 100% of the value of costs recovered from the other side.
To make up for this extra burden, the courts have apparently increased the value they place on injuries. Therefor I will be paying a success rate, unless (as in on eof the cases I mentioned above) the solicitor has waived his / her right to it.
Just thought you might like to know.