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|What Does No Win No Fee Mean?
No win , no fee. Any accident claims solicitor worth their salt now will have this phrase tagged onto any advertising campaign they use to promote their services. But what exactly does that mean?
It's common knowledge that taking legal action to pursue a compensation claim is stressful, time consuming and very expensive. It can be even more expensive if the claim is disputed. The saying goes that any man who represents himself has a fool for a client. So qualified and experienced legal representation is a must when tackling an accident compensation claim. In the past, it was extremely expensive to pursue these claims all the way through the courts, but the advent of no win, no fee representation has made claiming much easier. Surely , though, solicitors need to be paid for their services?
Of course they do - "no win, no fee" ensures that the solicitor gets paid for the work that they do, whilst the claimant gets 100% of the compensation awarded. One of the main principles of English law is that the loser of a case pays both their own legal costs and the costs of the winner. In a "no win, no fee" situation , the solicitor will agree not to charge the client anything unless the claim is won. So if you are involved in a "no win, no fee"" case, then the risk is that if you lose, you will pay the court costs plus the legal costs of the other side.
The best way to protect yourself against this is to take out insurance to cover these costs. There are two types of insurance that can cover this eventuality - 'After the Event' (ATE) insurance and 'Before the Event' (BTE) coverage. BTE insurance is often included in things like general house insurance, but ATE insurance can be taken out separately , when you know that your case is going to court. ATE insurance will cover court costs and legal costs for the other side should you lose the case. In this kind of case solicitors will probably take out their own ATE insurance as well, as a matter of standard practice.
Not all "no win, no fee" arrangements are the same. It doesn't always mean, either, that if you don't win , there still won't be any costs. In the majority of cases, Legal Aid (now replaced by The Legal Services Commission) is not available for personal injury claims. This is what has encouraged the growth of "no win, no fee" arrangements, enabling people to pursue claims which otherwise would have been financially prohibitive, using the "no win , no fee" principle to finance the case. This is often referred to as a 'Conditional Fee Arrangement'. With "no win, no fee" cases, the solicitor will often only take the case on if they think that there is a reasonable chance of success. Under the CFA arrangement, they will then make no charge until the case is settled. If you win, then the solicitor will then charge a 'success fee' , which in some cases can be as much as 40% of the total settlement. The purpose of the 'success fee' is to compensate the solicitor for the cases that they take on that they lose and receive no payment of their legal costs.
When you use "no win no fee" solicitors now instead of taking a 'success fee' from your compensation award, solicitors are recovering their costs and success fees from the losing side's insurance company. This means that the person making the claim really does receive 100% of the compensation awarded, with no fees to pay at all. The solicitor gets paid, everyone is happy. "No win no fee" compensation for personal accident claims is now easier and less stressful than before. Talk to an experienced personal injuries solicitor for more information.
Immersive Virtual Reality Market Is Predicted To Reach High Globally By 2020 Business Articles | July 11, 2016
New Market Research Reports Title “Immersive Virtual Reality Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database
The global?immersive virtual reality market?is expected to reach USD 1.88 billion by 2020 , according to a new study by Grand View Research, Inc. The industry is expected to witness profound growth over the next five years, as more consumer devices hit the market. Immersive VR headsets came into prominence during 2013 with the arrival of the Oculus Rift Developer Kit. The device is widely credited with giving the consumer VR space a kick start and creating anticipation & hype among consumers. Over the past two years, the industry has witnessed arrival of several consumer version VR headsets such as the VRTX One, Durovis Dive , Homido, and the low-cost Google Cardboard, thereby popularizing the technology.
Presently, immersive VR headsets are only partly commercialized and several consumer versions are anticipated to be launched in 2015–2016, including the Oculus Rift , HTC Vive, Sony PlayStation VR, and FOVE. GTDs and other motion tracking peripherals have also gained significant acceptance as an accessory to the HMD. Virtual reality PDWs have evolved in technology and resolution. Development and provision of CAVE systems and VR rooms for consumers are expected to boost demand for PDWs.
Browse full research report on Global Immersive Virtual Reality Market:?http:www.grandviewresearchindustry-analysisimmersive-virtual-reality-market
Technological development triggers a plethora of VR solutions with varied capabilities that allow users to experience utmost immersion. Making the VR experience more real serves as a key driver towards market penetration and adoption. Most of the available solutions are limited to head tracking leaving tremendous opportunities for the development of new technologies that increase the user’s sense of immersion and presence.
VR devices may pose inconvenience to certain users owing to their ergonomics and weight. Bulky devices offer render users w.