The success fee is the part of the arrangement people ask about most, and it deserves a straight answer. If your claim succeeds, a success fee may be payable under the Conditional Fee Agreement. The amount and method of calculation are explained before you decide whether to proceed. In many personal injury claims the applicable legal cap is 25% of the relevant categories of damages, including VAT, although the actual deduction and funding arrangements depend on the agreement and the circumstances.
What that means in practice is worth spelling out. Not every part of a compensation award is treated the same way. In a typical agreement, damages for care, future treatment, lost earnings and other financial losses are not subject to the success fee at all, because the fee applies to the relevant categories of damages and not to the whole award. The reason this matters is that in a serious injury claim, those unprotected heads of loss often form the greater part of the total.
You will always know the figure that applies to you before you commit. A Conditional Fee Agreement is not a document to be skimmed. It sets out the success fee, what you pay and when, and the circumstances in which you might have to pay something. If anything in it is not clear, ask, and do not sign until you understand it.
We do not use the phrase "you keep 100% of your compensation" as a slogan, because whether that is accurate depends on the funding arrangement in your particular case. An honest explanation, with the numbers on the table, is worth more than a promise nobody can stand behind.