Early Case Assessments
The frontend costs of early assessments are a fraction of the costs for commencing litigation, let alone taking litigation all the way to verdict.
Early Case Assessments
With over 100 victorious arbitrations, we are aware of the profound benefits of dispute avoidance. This is why we have innovated tools to tackle disputes, early and head on so you can keep your resources, minds and time focused on your business.
Early Case Assessment is a methodical approach to estimate the duration, chances of success, and risks associated with the paths of the maze of litigation.
Using objective research, cost appraisal procedures with third-party funders, and objective evaluations, we devise methods that have led clients to mitigate their risks based on the information and probability purveyed by data compiled for them.
The initial dispute resolution strategy and a case map is a strong decision-making tool. With Early Case Assessment clients make an informed and assertive decision whether launching the legal case would serve their business and financial purpose, whilst bearing in mind the legal costs which they will incur.
Where a lawyer might be too zealous about the prospects of success, litigation financiers may be too cautious.
- Representing the purchasers of a 70 percent ownership interest in two new vessels financed by a bank group secured loan to be repaid from revenue provided by time charters of the two vessels for use by a Saudi oil producer.
- Providing counsel to a shipping company renegotiating and restructuring a co-ownership joint venture with individual private investors.
The single least recognized, yet most effective strategy for controlling commercial disputes is early intervention.
There are many ways to early intervention – Planned Early Negotiation, Early Case Assessment, Risk Analysis, and Decision Tree Analysis.
But the objective of all of these tools is the same: To place the decision-maker within the client in a position to make an informed choice on how the matter will proceed, driven by business — not legal — objectives.
Management time of business executives and wasted time of other participants in proceedings, lost productivity and lost business opportunities as costs incurred.
Three roles of ECA
ECA allows stakeholders to step back and take a panoramiview of the costs and benefits of various options and strategies available before them.
ECA keeps decision-makers focused on the 'business case'.
Most importantly, it facilitates ‘informed’ decisions as to whether a claim is worth pursuing.
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