Easyjet - Claim scams

OP, it's call a Conditional Fee Agreement.

The firm doing the job basically buys insurance in case they lose (to cover the cost), and if they win, they take a cut. Hence, no win, no fee, and they are not at risk.
 
It's one of the new ways that parasitic failed lawyers can earn money, much like they did during the PPI thing. Ambulance chasers who never really amounted to much with their Toys'R'Us law degrees.
 
Diddums said:
It's one of the new ways that parasitic failed lawyers can earn money, much like they did during the PPI thing. Ambulance chasers who never really amounted to much with their Toys'R'Us law degrees.
Click to expand...
you get them for stocks as well but it seems to be something done for the hedgefunds who are trying to short a stock.
loads of tiny law firms all start class action law suits against a company for non disclosure or whatever even if it's completely false and you get constant hit pieces from those dodgy click bait sites that google likes to list near the top of searches when you search for a stock
 
I get these every day from Solicitors, it is a way to get around the No Win No Fee rules.
Here's one I've had today

Dear Sirs
Our Client: *********************
Date of Birth: ***********

We write with reference to our client's clinical negligence matter. Our client is pursuing the claim
under a Conditional Fee Agreement. We have now taken out ATE policies in relation to our client's
case, details as follows:
Name of Insurer: ********
Limit of cover for each: £100,000
Policy No: CNF*******
Second Policy No: CNF*****
Date of Policies: 01/04121

One of these policies covers the costs of obtaining medical reports dealing with the issues of
liability and causation. We will seek to recover the cost of this policy from you in the event of a
successful claim. Whilst not staged, the premium for this policy is linked to the value of the claim
and is based upon the ultimate settlement, so the amount of the premium may change as the case
progresses.

The second policy provides cover for the other expenses and disbursements associated with
bringing a claim. We will not be seeking to recover the cost of this policy from you.
We believe that this letter discharges our duty under the Civil Procedure Rules 1998 to advise you
of the ATE position in relation to our client's case.
 
Raymond Lin said:
OP, it's call a Conditional Fee Agreement.

The firm doing the job basically buys insurance in case they lose (to cover the cost), and if they win, they take a cut. Hence, no win, no fee, and they are not at risk.
Click to expand...

For a big claim i don't think the insurance always covers the cost. I recall after dieselgate was uncovered, and a couple of big lawfirms are taking a class-action lawsuit to VAG on behalf of something like several hundred thousand claimants. Due to the size of the class action i think the insurance was rated to pay out something around the region of 100million, but if the costs exceeded what the insurance would pay out then the excess would end up being divided by the claimants.

Will be interesting to eventually hear the outcome of that.
 
I knew I had a backup of this because it became a test case for future Solicitors ripping their clients off.

NHS is billed £83k legal fees... over a £1k payout: Health chiefs to crack down on 'excessive' claims by lawyers
  • Rapid Response Solicitors said client was not being supervised properly
  • Bill included £800 an hour charges for legal advisers involved in the case

https://www.dailymail.co.uk/news/ar...500-compensation-patient-burnt-hot-drink.html
 
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