June 26, 2017

Legal Crowdfunding Sites Making Civil Suits More Accessible

The internet has changed a lot of things about how people operate. Many of the things that were once conducted offline have now changed. And it’s even possible to do a lot of stuff that would have been much harder without the internet. One of the innovations that you can see a lot of is crowdfunding websites. They come in many forms for funding different projects. They could range from an artist’s next album to a business idea or charitable cause. People can even raise legal funds through some of the newest crowdfunding websites. In fact, there are several sites people can use to ensure they can afford to fight a legal battle. Check out some of the ones available and how they work.

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Image by Simon Cunningham

Mighty

Mighty is a startup designed to help people find funding while they’re fighting a civil case. The platform is designed to connect plaintiffs with the financing they need to pay their expenses. These might include medical costs and household bills. It connects people with a group of proprietary investors. The investors then compete to offer the best terms. You need to have a personal injury attorney or other lawyer already to sign up for the service. Working with them to provide relevant information and documents, you can then choose the best offer. You only repay the money you receive if you win your case.

Invest4Justice

Invest4Justice was the first litigation crowdfunding platform in the world. It begins by litigants or their lawyers signing up and submitting a campaign. They advertise a worthy cause people want to support or offer a reward for anyone who puts their money in. Investors who wish to contribute can give their money right away. Or they can wait to see if the campaign gains the full amount of funding. Litigants can choose a lawyer from the website. Or they can set up their existing attorney so they have access to the campaign on the website.

Crowdjustice

Crowdjustice is a UK based site that highlights cases of public interest and asks for support. People can get their community to join forces and look for funding for legal issues that affect them. Anyone can set up a page telling people about their case and explaining why funding is needed for it. They set a funding target and a deadline and only receive the money when the full amount has been reached. Cases are currently only taken on an invitation-only basis, but that seems likely to change in the future. Anyone listing a case needs to be represented by a lawyer, and the money raised will go to their client account.

Funded Justice

Funded Justice helps people to hire an attorney by raising the funds through crowdfunding. First they have to create a campaign where they tell their story and ask for funding. They can then share their campaign on social media and elsewhere. Unlike with some other platforms, there’s no need to have a lawyer already or even to have a case that’s likely to win. Although, it will obviously be easier to secure funding if you can make a compelling argument.

Legal crowdfunding websites make civil cases more accessible for many people. However, it also needs to be worth it for people to give their money to a cause.

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