Invest4Justice, a new online financial platform that upends this historical inequity by creating what’s considered the first online market for justice, leveling the playing field between litigants, globally, regardless of their financial resources.
The platform attacks this historical unfairness by combining two tools that have developed over the past decade, in order to allow litigants, from any country, to have their day in court and to finally obtain equal access to justice, while permitting any investor to earn the superb profits made available via third-party litigation funding, which was previously reserved only to large institutional investors and hedge funds.
By combining third-party litigation funding and peer-to-peer crowdfunding through a network that connects lawyers, individual investors, and litigants, and providing users with tools to assess the merits of a case while preserving confidentiality, Invest4Justice permits anyone to have their day in court, regardless of their financial resources or the cost of litigation, with no loans, no out-of-pocket legal expenses and no debt.
It is a peer-to-peer litigation crowdfunding network to exist, online in February 2014 but only opened to the public in November 2014. It allows anyone to invest in justice, funding access to justice to the hundreds of millions of people around the world who cannot currently pay to have their case heard in court with quality lawyers, or at all. It can also fund the legal disputes of the many businesses which would prefer to externalize legal costs.
Third-party funding is a relatively new but simple idea. Specialist funds provide funding for commercial litigation cases to cover the costs of a case in return for payment if the case wins. The return comes in the form of a multiple (2.5 times the amount invested is not unusual) of the funding commitment offered in the first place. It is easy to understand how this works: people who can’t afford to take cases to court are financed to do so and funders get a superb return on their money if the case is successful. Crowdfunding, which is well-known, is the practice of funding a project or venture by raising monetary contributions from a large number of people, and is possible thanks to the internet.
Litigants profit by obtaining funds to pay for their case with no loans, no out-of-pocket expenses, and no debt via peer-to-peer litigation crowdfunding. They pay nothing to bring their legal claim, and they only pay a percentage of their legal compensation as a reward if their legal case succeeds, in the amount of their choosing. Invest4Justice takes no part of this compensation and up to 10,000 individual investors can fund each legal case. Litigants can also find lawyers and investors, and create legal teams and share confidential documents, by becoming members of the I4J network at no cost.
Individual investors profit by earning the superb returns made possible by litigation funding. Returns can be dozens of times their initial amount of investment. Investors can use the tools provided by I4J to investigate the merits of each case in detail, and to communicate with lawyers and litigants, by becoming members of the network for free.