There is a lot of incentive to settle legal disputes without going to trial due to high costs -- which is where this lawsuit funding platform comes in. Based out of New York, LexShares is a crowdfunding site that allows investors to help out those who can't afford expensive legal battles. By allowing anyone to crowdfund their lawsuit, people have the opportunity to invest in the justice system and also earn a return from financing litigation.
The lawsuit funding platform gives users exclusive access to expert cases and enables them to finance their own. Through LexShares you can also track progress in the courtroom. If the plaintiff you back wins, you get a portion of the recovery. The litigation finance service specializes in cases between small businesses and large corporations.
Key Themes Behind This Trend
- Litigation Financing Platforms
- Allows for crowdfunding of legal battles, disrupting the high costs of legal disputes.
- Expert Litigation Crowdfunding
- Offers investors exclusive access to expert cases and the opportunity to earn a return on financing litigation.
- Small Business Vs Large Corporation Cases
- Specializes in financing cases between small businesses and large corporations, disrupting the advantages typically held by the latter.
Where This Applies
- Legal Services
- Provides disruption to the traditional legal services industry with a modern approach to financing disputes.
- Investment Management
- Provides a new outlet for investors to diversify their portfolio by funding litigation cases.
- Small Business Lending
- Offers a new option for small businesses to finance legal battles without incurring high costs or debt.
