Legalist, a San Francisco-based litigation finance company that uses technology to scour court dockets and determine the best cases in which to invest, is now expanding into bankruptcy, raising $50 million for a fund to provide debtor-in-possession financing to small businesses in bankruptcy.
DIP financing is used in Chapter 11 bankruptcy cases to enable…
Legalist, a San Francisco-based litigation finance company started by two Harvard University dropouts and advised by retired 7th U.S. Circuit Court of Appeals Judge Richard Posner, has just raised $100 million, which it will use to fund plaintiffs in 100-200 commercial cases over the next two years.
Legalist scrapes federal and state court records…
Has Legalist finally found its niche? Back in April, I reported here that the site’s founders, both Harvard undergraduates, were preparing to launch a website that would rate lawyers based on publicly available court records. Then, in July, Techcrunch reported that the site had changed its focus, and instead planned to…
Two Harvard University undergraduates are preparing to launch a website that will rate lawyers based on publicly available court records. The site, called Legalist, will mine and analyze court records in order to match clients with lawyers who win similar cases based on details and location. It will also profile litigators’…
Robert Ambrogi Blog
