How to Finance a Medical Negligence Claim

Medical negligence claims can be extremely expensive, and it is therefore important to consider different ways of financing them before lodging a claim with a solicitor. Claims such as these are expensive because they take so long to investigate, and therefore a large amount of people will need to be paid for their services. In fact, the total financial risk taken with taking out a medical negligence claim could run up to two hundred thousand pounds. The investigation costs alone are likely to run up to five thousand pounds, as experts will have to spend a lot of time looking over the evidence and carrying out checks, and they will have to be paid for their services as they cannot be expected to work for such a long time for free. The solicitor that is looking after the whole case must also be paid for their time, and they are unlikel6y to come cheap. The costs will rocket when and if the cases reaches court, as the judge and other officials will have to be paid too. However, there is an upside to this as in some cases the monetary costs will be able to be recovered from the other side, but this will only over occur if the case is successful after it has come to court. If the claim is unsuccessful the claimant is likely to be left footing a huge bill, with nothing to show for it.

There are various ways that may give help to the financial side of claiming compensation. The first is legal aid, which will help costs of claimants in certain circumstances. If there is judged to be more than a sixty percent chance of success and the claimant is on a low income legal aid is likely to be offered. Claimants may also find it helpful to contact a no win, no fee organisation, in order to look into a conditional fee agreement. This service can be offered by some solicitors, if the case is judged to be more than eighty percent likely to succeed.