Most businesses avoid commercial disputes like the plague: they’re risky, lengthy and legal bills can spiral out of control. Rather than going through the hassle of a dispute, SMEs reluctantly write off what they’re owed - and lose an estimated £40bn a year. Mark Osgood, Nick Harvey and Chris Clay (pictured left to right) decided to fix the problem. The trio set up Escalate Law to revolutionise the traditional dispute resolution process, focussing on quick settlements, removing upfront costs and minimising risk. It tackles cases ranging from bad debt to IP infringement on a fixed-fee basis - and aims to resolve disputes within three months. The Liverpool-based firm turned over more than £2m in 2019, its second year of trading, and is on track to hit £5m in 2020. It won “Innovation of the Year” at this year’s Modern Law Awards.