Submitted on Tuesday 2nd August 2011
Published on Thursday 4th August 2011
Current status: Closed
Closed: Saturday 4th August 2012
No win no fee agreements
"No win no fee agreements" are nothing more than legal blackmail. Far too many of them are used to support spurious claims. Even worse, the solicitor has a vested interest in putting forward a spurious claim because he not only gets his ordinary costs he also gets a "mark up" or "bonus" if he wins.
A person who receives a demand backed by a "no win no fee agreement" has a choice. He can either pay to settle a spurious claim or pay to defend it. He can never win because he must always be out of pocket.
The system should be scrapped or changed so that if any party to an action is backed by a "no win no fee agreement" the advantages as to costs and mark up are enjoyed by all the parties to that action. If there is more than one party who has a "no win no fee agreement" the best parts of all the "no win no fee agreements" should be given to all the parties. Hopefully that would deter many of the spurious claims which are being made.
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126.96.36.199 Tue, 18 May 2021 02:32:24 +0100