Litigation funding site launched

Plaintiffs needing financial support and investors wanting to take a stake in promising litigation cases can now be put in touch with each other through a new website.

Filipe Matos Frazao

The New York-based owners of  the new website  believe that litigation funding is growing rapidly in some parts of the world. Co-founder Dylan Beynon said: 'We kept hearing the same thing from attorneys and paralegals - legal funding is important to our clients, but I wish I didn't have to deal with it," says co-founder Dylan Beynon. "There are a million ways that technology can improve legal funding, and I believe we've taken the first major step by removing bottlenecks that law firms and funding companies struggle with.' Litigation funding is 'already popular' in the UK and Australia, according to  LegalFundingCentral.com. It is rapidly growing in the US, it adds, 'with some funders raising in excess of $100m to invest in various types of legal cases.' Source: Digital Journal

 

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