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.