Rigorous Case Selection and Assessment
About 97% of the cases in which Manolete invests are completed within around 12 months of the date of assignment. This relatively fast turnaround time has held up over the life cycle of Manolete’s business. Of all of our invested cases, we show a 12.7 month average duration over all completions in Manolete’s history.
The obvious consequential benefit of short average durations for our completed cases is to prevent the accumulation of unnecessary costs and so presents a more efficient and just solution for the creditors.
As an Associate Director of Manolete since 2019, I have seen, on countless occasions, the impact of our work on insolvency litigation, as we create a robust three-way partnership with Insolvency Practitioners and their solicitors. We have carved out a new position in the market and sometimes it is worth reflecting on how we make all aspects of the model work.
How do we exactly settle cases quicker than our peers? The success rate is no accident; it is the result of a carefully cultivated approach.
A Strong Commitment to Insolvency Litigation Expertise
The key to Manolete is our specialist expertise in insolvency litigation. We focus exclusively on UK insolvency cases, allowing us to build a deep base of knowledge and experience. Our legal team comprises 16 solicitors with extensive backgrounds in insolvency and litigation. This expertise enables us to quickly assess the merits of a case, identify potential challenges and devise effective strategies to work them through.
We have a very rigorous case selection and assessment process. We meticulously evaluate each potential assignment to ensure it meets our stringent criteria. This thorough ‘take on’ process ensures we only invest in cases when we feel confident we can make an efficient, economic return for all stakeholders. By focusing on quality over quantity, we can dedicate the necessary resources and attention to each case, increasing the chances of a favourable outcome.
Strong Relationships with Insolvency Practitioners
Our strong supporting relationships with Insolvency Practitioners across the UK are another vital part of our model. Insolvency Practitioners will trust us to handle their cases with professionalism and efficiency because we take a transparent and collaborative approach. By working closely with Insolvency Practitioners, we ensure all parties are completely aligned, which helps to streamline the process and achieve speedier settlements focussing on commercially acceptable solutions. This does not mean settling cases cheaply but rather achieving the best value realistically obtainable.
Innovative Funding Solutions
Manolete’s funding solutions are also a key element in our ability to achieve swift settlements. We provide Insolvency Practitioners with the financial backing they need to pursue litigation. This funding model not only removes financial risk but also aligns our interests with those of the Insolvency Practitioners. Our success is directly tied to the outcome of the case, which motivates our lawyers to work diligently and efficiently to secure a settlement.
Focused and Efficient Case Management
Efficient case management is another cornerstone of our approach. From the moment we take on a case, we employ a structured and disciplined process to ensure every aspect of the litigation is handled promptly and effectively. This includes everything from the initial case assessment and strategy development to ongoing case management and settlement negotiations. It all contributes to us being able to move quickly towards resolution.
Proactive Settlement Strategies
Our proactive approach to settlements is another key factor in our ability to resolve cases rapidly. From the outset, we focus on identifying potential settlement opportunities and work towards them vigorously. This involves engaging with opposing parties early in the process, presenting compelling evidence and arguments and negotiating in good faith. By taking a proactive stance, we can often reach settlements before cases become protracted and costly.
The ability of Manolete to achieve settlements within 12 months of taking assignment is the result of a combination of specialist expertise, rigorous case selection, strong relationships, innovative funding solutions, efficient case management, advanced technology and proactive settlement strategies. These ingredients work together to create a powerful recipe, enabling us to deliver swift and favourable outcomes with costs kept to a minimum.