Matchmaking Website Connects Plaintiffs to Litigation Funding
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The old story: You sue, you pay—at least until you win your case. The newer story: You want to sue, you find a litigation finance firm that will bet on you winning that case, and they pay—until you win and pay back the finance firm, plus its fee.
Now a company called Legal Funding Central wants to add a chapter to the tale. It has launched its website to streamline the process of finding a litigation funder, not unlike what Lending Tree does for mortgages.
But there are critics of litigation funding who question the value of such a service.
Dylan Beynon, co-founder of Legal Funding Central, says the site is designed to “eliminate inefficiencies” in the matching process.
“We can bring through technology more competition and transparency,” he says, “creating more of a marketplace. There’s a ton of opportunity in the space.”
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