Is Hiring a Personal Injury Lawyer Worth it?
In 2021, the value of the UK’s personal injury market remained static at around £3.92 billion, while it’s poised for incremental growth over the course of the next two years or so.
Of course, this market includes all compensation claims pertaining to a personal injury or accident, particularly those that are at least partially caused by the negligence or fault of a third-party.
Given the potential complexity and burden of proof placed on claimants, however, is hiring a personal injury lawyer really worth the hassle? Here are some of the key considerations!
Focus on Your Recovery
There’s no doubt that personal injury claims can be time-consuming and emotionally draining, making them hard to pursue when dealing with the fallout from a potentially life-changing injury or subsequent loss of earnings.
This doesn’t mean that you should avoid processing a claim, however, which is why you should consult with a personal injury solicitor as early as possible to determine the viability of your claim and your ability to prove it.
If you do have a case, it’s possible to outsource the gathering of evidence and negotiation of settlement to an appointed legal expert, while focusing on your physical recovery and prioritising your emotional wellbeing.
The Influence of No Win, No Fee
Ultimately, the perceived cost and time requirement of pursuing a personal injury claim puts many potential claimants off, but we’ve already touched on how reputable solicitors can shoulder the burden of gathering evidence and supporting your case.
What’s more, the concept of no win, no fee representation creates a cost-effective model through which to pursue compensation, either in court or through an amicable settlement.
As you can imagine, this means that you won’t be required to pay any costs in the event of an unsuccessful claim.
If you do win and successfully earn a compensation payout from an insurer or trust, you’ll usually pay 25% of this sum to your solicitor while banking the rest for yourself!
Managing Your Expectations
Ultimately, it’s important to maintain open lines of honest communication with your legal service provider from the outset, particularly if you’re to manage your expectations and make an informed decision about whether to process a formal claim.
Even without the risk of having to pay legal fees under the no win, no fee model, you may decide the potential compensation payout or challenges associated with proving your case simply aren’t worth the hassle or time commitment, but this can be determined through ongoing interaction with your lawyer.
Conversely, you may decide that you have a viable case that can be proven and concluded relatively quickly, so long as you’re making a claim within the legally stipulated three-year timeframe.
Regardless, you can only manage your expectations and make informed decisions with the requisite information and dialogue, and it’s important to keep this in mind from your very first interaction with a solicitor.