It is a huge problem when using ‘No Win No Fee Law’ firms.
Do you know what it even means?
Some Law firms will try and settle the matter quickly so they can get paid quickly, one firms internal motto was ‘settle low, get to the doe’. Lawyers can be incentivised to settle matters quickly and get bonuses! How is this helping you? Then they pressure you to sign off on that amount.
Who suffers in the end? The Client! Make sure the law firm proves to you they are maximising the money they are getting for you.
One recent example was of a 29 year old concretor who was told he was going to a compulsory conference and told they were settling for $100K and the law form was taking $50K. Luckily his friend knew what we do and how we do it. He was then lied to by the law firm being told they could not postpone the conference. That was when he decided to transfer to us. He ended up getting $242K in his hand and the legal costs were $37K.