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A commercial law firm has declared it has launched an Australian legal first solution, which will allow the SME sector greater access to the courts.
Logie-Smith Lanyon Lawyers has revealed it has rolled out a new funding alternative for small- to medium-sized businesses considering litigation.
On launching the new solution, CCABL partner of commercial litigation and designer, Steven Harris, said when compared to funding the litigation alone, CCABL clients can expect to reduce their legal spend by as much as two-thirds and increase their net return by as much as 50 per cent.
“Too often businesses are prevented from pursuing a case, even when there is a strong probability of success,” Mr Harris said.
“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.
“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.”
According to 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,” he concluded.
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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