How does a 'no win, no fee' arrangement benefit clients in legal cases?

A 'no win, no fee' arrangement primarily benefits clients by allowing them to engage in legal proceedings without the burden of financial risk. In this type of agreement, clients are not required to pay their lawyer's fees unless they succeed in their case. This means that clients can pursue legitimate claims without the fear of incurring substantial legal costs upfront. If the case is unsuccessful, the client walks away without any financial obligation, making access to legal representation more equitable and encouraging clients to seek justice without the worry of losing money.

The other options do not accurately describe the benefits of a 'no win, no fee' arrangement. For instance, while clients may receive compensation if they win, they do not always receive compensation regardless of the outcome. Additionally, this arrangement does not inherently guarantee a quicker resolution of cases, nor does it necessarily result in smaller fees for lesser-known lawyers; rather, the fees are contingent on the success of the case.