Escalate is a packaged commercial dispute solution that removes all financial risk including upfront cost in pursuing old and new debts and disputes.
Escalate is a unique product that is based on a fixed contingent fee and aims to secure a recovery within a fixed time period of 3 months.
The escalate package provides cover for all upfront court charges and other fee expenses and also includes adverse cost protection should things go wrong. i.e. a retainer to enable you to pursue your claim confident in the knowledge that you have NO COST, NO RISK and a TEAM OF PROFESSIONALS embedded in the recovery process.
- A new way for businesses to manage cash flow and risk in their commercial disputes.
- Allows businesses to transfer their financial risk to professional advisers (accountants and lawyers) in return for a success fee.
- Allows clients to pursue historic as well as current commercial disputes.
- Focused on disputes over £25k and up to £500k but not restricted.
- Embedded adverse costs cover and funding to create ‘negotiation muscle’ for early settlement.
- Removes blockages due to budgetary or cash flow constraints.
- Allows for a mixed strategy in dealing with commercial disputes (in-house/outsourced, types of claims, values of claims).
- Removal of the ‘billable hour’
- Predictability in assessing range of recovery upon success.
- Success fee can be considered as a legal fee and therefore tax deductible.
- No win no fee
- Fixed fee upon success – set at the outset
- No risk of adverse costs – Insurance cover embedded
- Cash flow funding for fees and expenses – embedded
- Focus on a quick commercial solution
- ‘Best Collaboration Initiative’ at the Lawyer Awards
- ‘Excellence in Business Development’ at the Law Society Excellence Awards
- ‘Innovation of the Year’ at the British Accountancy Awards
- ‘Legal Services Innovation Award’ at the prestigious British Legal Awards
“Demonstrates true collaboration across different market sectors – insurance, legal and accountancy – and finding a solution which adds great value to SME market.”
British Legal Awards 2018 judge