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In most claims for personal injury where you bring a
successful claim for damages the majority of your legal
costs and expenses are recovered from the responsible
party and/or their insurers. This general rule will
also apply to claims against uninsured motorists where
they have been identified.
Claims under the MIB Untraced Drivers Agreement are
very different. There is no entitlement to the recovery
of legal costs apart from a small contribution the MIB
will make towards them. Therefore the only way for us
to receive payment for our services is through our contingency
fee agreement. Here is an example of how that would
work:
If your claim succeeds, when you receive your compensation
we deduct our fees in a sum equal to 25% of your compensation
plus VAT.
If you were to be awarded a compensation payment of
£1,000, then after our fees and VAT were taken
out, you would receive £706.25.
If you lose the case you do not pay us anything.
We have established and maintain an accounting system
and internal controls over those systems to ensure that
any client money is kept safe and complies with the
Client Account Rules of the Compensation Act 2006.
You have 14 days after signing the contingency fee agreement
to change your mind and cancel the agreement. Please
let us know if you wish to exercise this option. In
doing so you will not be liable to pay any fees.
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