Challenging economic times are continuing to cause uncertainty and financial instability for many businesses and individuals. Contentious issues will inevitably arise in these difficult times, with an increased risk that distressed parties will fail to perform their obligations or otherwise do things they are not entitled to do.
In these challenging times, parties faced with contentious issues may want to pursue or defend claims but have a heightened need to maintain control of their legal expenditure. To help ‘unlock’ both of these objectives, Lewis Silkin has committed to an initiative called LS Unlock. It is an alternative approach to fees which is designed to help individuals and businesses pursue or defend significant commercial claims by removing or reducing the cost risk of litigation.
LS Unlock comprises a free initial assessment of significant commercial disputes together with a menu of alternative fee arrangements which can reduce and, in certain cases, eliminate the upfront cost of pursuing or defending a claim.
LS Unlock is designed to:
- Generate greater certainty and predictability in respect of litigation costs
- Provide innovative solutions which go beyond discounted hourly rates
- Share risk and reward, so that Lewis Silkin has “skin in the game”
LS Unlock enables us, in these difficult times, to work in true partnership with you. Whatever your needs, our specialist commercial disputes team can find the right solution for your situation.
Free initial assessment
In the current climate, businesses and individuals may be reluctant to engage in dispute resolution. This may be because they are unsure of their position and do not wish to spend time and money assessing the legal merits of their case or continuing a case that is underway.
To provide assistance, Lewis Silkin will commit to spend up to 5 hours of our time without charge helping businesses and individuals assess their significant commercial disputes. We will use that initial time to talk to you, assess key evidence in the case and consider the practical options that are open to you.
Our offer is available to both existing and new clients and helps to ensure that you can access a commitment-free initial assessment of your commercial dispute.
We hope this initiative will be a real benefit in these challenging times.
Next steps - reducing and eliminating upfront cost
Once we have completed an initial assessment you can take an informed decision about whether you wish to pursue or defend your claim. LS Unlock includes a range of alternative fee arrangements which will allow you to move forward in a way that reduces or eliminates your upfront costs.
LS Unlock goes far beyond discounted hourly rates. It includes:
- Fixed fees
- Blended rates
- Fee estimates with a collar
- Conditional fee agreements
- After the event insurance
- Damages based agreement
- Third party funding
By pairing our commitment-free initial assessment with one or more of our alternative fee arrangements you can pursue or defend your claim while also controlling, reducing or even eliminating upfront costs.
If you would like to review the LS Unlock alternative fee arrangements, please click here. You will find alternative funding arrangements which represent some of the most favoured pricing and funding models we agree with our clients.
In these difficult times we want to work in true partnership with our clients. Our commitment-free initial assessment is designed to offer real help during a period of genuine uncertainty. When combined with our alternative fee arrangements, LS Unlock provides an innovative way for you to pursue or defend claims while also maintaining control of your legal expenditure.
We invite businesses and individuals involved in significant disputes to get in touch and see how we can assist.
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