NO WIN, NO FEE LAWYERS IN SOUTH AFRICA
WHAT IS MEANT BY NO WIN, NO FEE?
A contingency fee, in essence, is a no-win-no-fee. The no-win-no-fee agreement originates from the Contingency Fees Act no 66 of 1997. This means an attorney is only allowed to charge their fees if and when the matter is successful.
NO WIN, NO FEE DEBT COLLECTION SPECIALISTS
At Burger Huyser Attorneys, we offer various fee structures for our client’s debt collection needs:
- We can charge fees on a contingency basis whereby we retain 20% of the capital collected as legal fees; or
- We can charge a set fee for certain items at a fixed rate, irrespective of time spent; or
- We can charge fees at an hourly rate as per our general mandate and fee agreement;
In terms of the Contingency Fees Act, a legal practitioner will not be entitled to any fees for services rendered before they collect the outstanding amount and receive payment at the end of the matter.
Once we collect the outstanding debt, 80% of the capital will be paid over to our client and we will retain 20% of the capital as our legal fees. We will only be entitled to payment, once we have successfully collected the debt on your behalf.
Any fees collected will be utilised towards disbursements first. If we were unsuccessful in collecting the debt from the debtor, you will remain liable for payment of disbursements, such as sheriff and tracer’s costs. No-win-no-fee agreements are only applicable to liquid claims. Complicated matters, including but not limited to, contractual disputes, estate litigation and opposed matters may not fall under the no-win-no-fee agreement.
NEED TO CONSULT WITH EXPERIENCED NO WIN, NO FEE DEBT COLLECTION ATTORNEYS IN SOUTH AFRICA? CONTACT OUR NO WIN, NO FEE LAWYERS TODAY.
Entering into a No-win-no-fee agreement allows you the freedom to conclude a contract with us and the prospect of recovering your debt at minimum collection costs. The benefit of a contingency agreement allows you the freedom to contract as well as not being held liable for costs at the outset. Kindly contact us should you wish to know more about our contingency fee agreement and find out more about the “no win no fee”.
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