What does the K.M. Splatt & Associates “no-win no-fee” basis mean?
The firm acknowledges that most injured persons become financially distressed as a result of an accident, and may not be able to afford the outlays involved in launching a personal injuries claim. If we feel that your claim has strong prospects of success, we may act for you on a no-win no-fee basis or speculative basis. Under this speculative basis, we undertake not to render an account for our professional costs unless and until the matter is successfully concluded. We will pay all the necessary outlays via an agreement with our bank. If a client loses the case, he/she can be ordered to pay the costs of the other side. Registered assets (such as a house) could be sold to pay the costs. THIS IS RARE, and is usually the result of false or fraudulent claims. In all litigation matters we proceed cautiously and if we anticipate that there are significant problems with a case then we will advise the client of the problems and any dangers as they arise.
