Cost Agreement


This is a term used to describe the agreement between the injured person and their lawyer. It is often used to describe a conditional fee agreement which can also be known as a “No Win/No Fee” agreement, a “No Success/No Fee” agreement etc. Such agreements are regulated by the Legal Profession Act. However, the one area where the agreements are not standard is the manner in which the fees are calculated. It is important to carefully check such agreements to see on what basis legal costs will be calculated. Some law firms charge considerably more than others for the same work. It is a very good idea to read such agreements before signing them. If you are in any doubt you should raise your concerns with the lawyer or obtain independent legal advice from another lawyer.