Following its success at the British Accountancy Awards last autumn, Escalate, the ground-breaking commercial dispute resolution process for SMEs, has now also been recognised in two prestigious legal awards.
Escalate was developed by a group of leading professional services businesses that wanted to challenge the way commercial disputes are resolved and unlock the market for organisations of all sizes.
This partnership approach has resulted in Escalate being shortlisted for ‘Best collaboration initiative’ in The Lawyer Awards 2018. The winner of the category will be announced on Tuesday 26 June 2018.
In addition, Escalate has been shortlisted for the ‘Future of Legal Services Innovation – Private Practice’ at the Legal Week Awards 2018, reflecting the process’s genuinely disruptive nature. The awards will be held on Friday 25 May.
The recognition that Escalate has gained in the legal industry follows its success at the British Accountancy Awards last October, where it was named ‘Innovation of the Year’.
Chris Clay, Managing Director of Escalate, said: “The commercial dispute market for SMEs has been fragile for a long time, with high upfront costs, considerable financial risks and a slow process preventing access to justice for any business wanting to make a claim.
“Nobody has tried to fix this problem – until we got together and developed a completely new process with the objective of giving SMEs access to a cashflow-centric solution: Escalate.
“Escalate is unique. It removes all financial risk from the claimant, including protection from the other side’s costs. We target a prompt settlement and have fixed fees, guaranteeing the claimant will always be the main beneficiary of any award.
“It’s encouraging to see that leading commentators in the accountancy and legal professions recognise the impact that Escalate is having on the dispute resolution market. We’re already helping businesses to recover more than £15 million that is currently locked up in commercial disputes, and we’re only just getting started.”
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