TrialFunder, a new accredited crowdfunding platform for plaintiff litigation, has launched this week to assist plaintiffs in civil lawsuits dealing with police brutality, sexual harassment, wrongful death, personal injury, etc.
CEO of TrialFunder, Anoush Hakimi, Esq., revealed that the platform was created with social justice in mind:
“Trial Funder promises to democratize the legal system, while bringing a new level of transparency to the entire process.”
Unlike other alternative litigation finance companies, TrialFunder puts an entire case on its home page – demonstrating with video and court files the exact nature of each case. Once a case is financed through the Trial Funder platform, the associated attorney’s law firm, picture and practice information are prominently displayed. The platform is fully integrated with social media platforms driving traffic to the web portal.
Hakimi then noted:
“Today’s contingency fee structure results in plaintiff attorneys being reluctant to take matters to trial because of the high financial risks of a defense judgment. Our web portal promises to change the calculus of the entire civil litigation system.”
TrialFunder will allow plaintiffs to apply directly to the site, granting access to non-recourse capital to fund litigation. If the plaintiff wins, the investor receives a portion of the proceeds. As a result of recent regulatory changes, Trial Funder has been able to open a new asset class that holds tremendous future growth potential for the investor market.
Co-founder Peter Shahriari, Esq. added:
“We fully expect our advanced platform to result in larger and quicker settlements for plaintiffs and favorable returns for investors, while opening up a whole new pool of potential clients for participating attorneys.”
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