Litigation PROTECTion for Mishcon de Reya clients
In an innovative and exciting move, Mishcon de Reya Solicitors is launching ‘MISHCON PROTECT™,’ a unique range of products designed to reduce the cost of litigation. With a view to the recessionary pressures on business and individuals, the aim is to protect clients against the risk of having to pay opponent's costs (and own disbursements) should the claim not succeed. The package can also provide assistance in funding the client’s own costs and disbursements, where necessary.
Following a comprehensive tender process managed by the leading litigation risk transfer broker, TheJudge, Mishcon de Reya is the first UK law firm to unveil a bespoke umbrella scheme combining a variety of insurers selected specifically to ensure the most effective protection for each particular area of law. In moving away from the 'one size fits all' trend of signing an exclusive arrangement with just one insurer, Mishcon de Reya firmly believes that access to a choice of products across all areas of law is essential to ensuring the most appropriate protection for its clients.
The move will lead to Mishcon de Reya (and therefore its clients) benefiting from the most progressive and widest delegated authority facility ever tailored by TheJudge. This will provide the Firm with the ability to offer their clients an instant insurance policy on pre-agreed terms, whilst retaining the Firm's ability to search the market for comparison purposes where necessary.
This streamlined process provides certainty of terms and reduces the usual time required to put the necessary arrangements in place.
MISHCON PROTECT™ caters for a variety of contentious matters including those relating to insolvencies; contractual and commercial disputes; charity/trustee actions; intellectual property; trusts and probate; defamation; employment and banking. The package also enables Mishcon de Reya clients to qualify automatically for a policy with unprecedented benefits for harassment and bullying actions, for which insurance is notoriously difficult to obtain.
The MISHCON PROTECT™ offering consists of the following three stage process:
- Risk Assessment – a detailed investigation of the merits of the claim and an assessment of the level of risk
- Policy placement – Mishcon de Reya works closely with TheJudge to secure the best value and most appropriate policy on the market for the client
- MISHCON PROTECT™ benefits – once the bespoke package is agreed, it will provide the client with peace of mind and will be used to strengthen the negotiating position during the litigation process
“We are well aware that times are difficult for many individuals and businesses. But it is at times like these that we see a large increase in conflicts. With both businesses and individuals concerned about the impact a lost claim will have on their financial situation we have developed a unique funding and insurance package that takes some of the stress out of litigation.”
For more information about MISHCON PROTECT™ please contact Neville Illingworth-Law on 020 7440 7272 or Jo Rosenblatt of The PR Office on 020 7284 6941 or 07703 534 007
More information is also available on our website, please click here.