Anderson Strathern launch Alba Claims- a claims management company
Energised by the appointment of their new chair, Bruce Farquhar, Anderson Strathern is a full service law firm, with a steely determination to move with the times.
A recent example of their desire to innovate is the launch of a new business, Alba Claims – a claims management company with a difference, designed and engineered purely for commercial claims.
Alba Claims is a separate limited company operating at arm’s length from Anderson Strathern and offers customers a no win, no fee service, in exchange for a percentage of any recovery. Whilst it is a familiar story in the personal injury world, it’s not so for other types of claims.
Bruce explains that “We understand that charging on an hourly rate can be difficult, or even unthinkable for some businesses, especially where the outcome is uncertain. This results in millions of pounds of legitimate claims being forever unclaimed. A no win, no fee product can resolve this, for the right type of claims.”
From experience, both Bruce and the Alba Claims co-founder, Alistair Dean believe that the model has widespread appeal. The initial focus will be on insolvency, construction and insurance claims. However, it’s not exclusive. The Alba Claims service is suitable for most types of commercial claims ranging from debt recovery to breach of contract. The key aspect is that the claim must be for payment of a sum of money.
Alistair confirms that Alba “are happy to look at any commercial claim and from our discussions to date, customers really appreciate the concept of sharing of risk and reward.”
Early signs are encouraging, since launch in October Alba already have claims worth £1m on their books. With aspirations to grow the brand rapidly on the back of its early success, the future for Alba Claims is certainly bright.
More information can be found at www.albaclaims.com or by telephoning Alba Claims on 0131 550 0401.