The solution will reduce SME legal spend by as much as two-thirds and increase returns by 50%
MELBOURNE , VICTORIA, AUSTRALIA, July 10, 2017 /EINPresswire.com/ — Logie-Smith Lanyon Lawyers announced today it is the first Australian commercial law firm to launch a funding alternative for small to medium businesses considering litigation.
Known as Cost Certain Access to Business Litigation (CCABL), the solution provides cost certainty and minimises risks commonly associated with litigation, allowing more Australian businesses to access the Courts.
When compared to funding the litigation alone, CCABL clients can expect to reduce their legal spend by as much as much two thirds and increase their net return by as much as 50%*.
“Too often businesses are prevented from pursuing a case, even when there is a strong probability of success. By removing the barriers to litigation – the serious impact on cash flow, high cost of quality legal representation and adverse costs risk – we will create cost certain access to the Courts for Australian businesses” said Mr. Steven Harris, Partner of Commercial Litigation and designer of CCABL.
“Companies considering a litigation claim, or those who have decided against it in the last six years can now access litigation funding, while ensuring their business interests are protected,” said Mr. Harris.
CCABL will be offered to businesses pursuing a commercial claim of $500,000 or more. It is best suited to contractual disputes, Trade Practices Act claims, Banking and finance cases, Intellectual Property infringement, Insurance claims, product liability, professional negligence and large debt recovery.
Notes to editors:
*Based on an average fee budget of a $1.5m claim in the Supreme Court of Victoria. Please contact for supporting graphs.
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Source: EIN Presswire