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Makes sense. The problem I see is that we already have a litigious society. The one plus to lawyers being selective is that while they may miss a few lawsuits,
by jeffmould 10y ago
Makes sense. The problem I see is that we already have a litigious society. The one plus to lawyers being selective is that while they may miss a few lawsuits, it reduces the number of frivolous lawsuits, which opens a liability to the attorney if they are found the be filing lawsuits just to file.
In a way the idea is kind of a spin-off of structured payment lending which is a proven market. Personally I wouldn't invest, the risk is to great and the investment could be tied up for years with a better than average chance of little to no return.
That said, it is an interesting concept, and part of me does see some benefit. I think the problem to solve would be to sell the platform to potential plaintiffs. There are probably numerous valid lawsuits that do not get brought because the plaintiff thinks it will cost them a fortune to even talk to an attorney in the first place. Put aside healthcare/accident related claims, but I am thinking more employer related lawsuits.