The product, LS Assist, operates on a fixed-fee monthly subscription-style model. It will be led by partners Jo Farmer and Alex Kelham, supported by a team of senior associates and associates from across the firm’s commercial practice group.
Farmer said:
‘The world is changing rapidly around us, and we are facing an unprecedented
period of disruption which has been exacerbated still further by the impact of
COVID-19.
‘No business
is unaffected and with organisations of all shapes and sizes rightly putting
cost control at the heart of their operations we as a firm know that it is
critical we take steps to innovate and to adapt our business model and
offerings in anticipation of evolving client demands.’
Client costs
for LS Assist will be based on anticipated usage of its three core components.
These components are, first, its secure online portal and document library,
with template letters, contracts and checklists along with access to help from
lawyers. Second, there is a helpdesk for general day to day support and help
for routine legal enquiries. Third, there is a fixed-fee service for bespoke
project work such as contract review or ‘red flag’ checking of supplier
contracts.
Kelham,
co-head of LS Assist, said: ‘Now more than ever clients want the peace of mind
provided by certainty―of cost, quality and experience.’
Lewis Silkin
also provides a low-cost, fixed-fee employment law product, Rockhopper, which
it launched in 2014.
