Invest4Justice Peer-to-Peer Litigation Crowdfunding: Enabling Equal Access to Justice, Globally
(PRWEB) December 17, 2014 -- Since the Code of Hammurabi, there has been an unfair advantage for those who have the financial resources to pay for quality lawyers, versus those who do not. This meant that the very wealthy were able to get away with murder (quite literally), while those with fewer financial resources were victims who were unable to properly defend their legal rights. Invest4Justice changes this.
Invest4Justice is a revolutionary new online financial platform that upends this historical inequity by creating the first online market for justice, leveling the playing field between litigants, globally, regardless of their financial resources.
Invest4Justice attacks this historical unfairness by combining two tools that have developed over the past decade, in order to allow litigants, from any country, to have their day in court and to finally obtain equal access to justice, while permitting any investor to earn the superb profits made available via third-party litigation funding, which was previously reserved only to large institutional investors and hedge funds.
By combining third-party litigation funding and peer-to-peer crowdfunding through a network that connects lawyers, individual investors, and litigants, and providing users with tools to assess the merits of a case while preserving confidentiality, Invest4Justice permits anyone to have their day in court, regardless of their financial resources or the cost of litigation, with no loans, no out-of-pocket legal expenses and no debt.
It is the first peer-to-peer litigation crowdfunding network to exist, online in February 2014 but only opened to the public in November 2014. It allows anyone to invest in justice, funding access to justice to the hundreds of millions of people around the world who cannot currently pay to have their case heard in court with quality lawyers, or at all. It can also fund the legal disputes of the many businesses which would prefer to externalize legal costs.
How does it work? Third-party funding is a relatively new but simple idea. Specialist funds provide funding for commercial litigation cases to cover the costs of a case in return for payment if the case wins. The return comes in the form of a multiple (2.5 times the amount invested is not unusual) of the funding commitment offered in the first place. It is easy to understand how this works: people who can’t afford to take cases to court are financed to do so and funders get a superb return on their money if the case is successful. Crowdfunding, which is well-known, is the practice of funding a project or venture by raising monetary contributions from a large number of people, and is possible thanks to the internet.
By combining these two modern innovations, and applying them to the large but traditionally conservative legal market, everyone profits.
Litigants profit by obtaining funds to pay for their case with no loans, no out-of-pocket expenses, and no debt via peer-to-peer litigation crowdfunding. They pay nothing to bring their legal claim, and they only pay a percentage of their legal compensation as a reward if their legal case succeeds, in the amount of their choosing. Invest4Justice takes no part of this compensation and up to 10,000 individual investors can fund each legal case. Litigants can also find lawyers and investors, and create legal teams and share confidential documents, by becoming members of the I4J network at no cost.
Individual investors profit by earning the superb returns made possible by litigation funding. Returns can be dozens of times their initial amount of investment. Investors can use the tools provided by I4J to investigate the merits of each case in detail, and to communicate with lawyers and litigants, by becoming members of the network for free.
Lawyers profit by obtaining new clients, without having to worry about hourly billing or worrying whether they will be paid for their work in full. Lawyers can also obtain litigation funding for their clients or find new clients who do not need funding. In addition to assisting others to gain access to justice and to vindicate legal rights, lawyers are paid at market rates for their work.
Society profits since anyone, anywhere in the world, can finally obtain access to justice with quality lawyers, regardless of the financial resources that they have available to pay the high cost of legal fees.
Invest4Justice is therefore win-win-win-win, as it is profitable for litigants, investors, lawyers and society as a whole.
Invest4Justice’s goal is not to profit from litigants, and it takes none of a litigant’s compensation. It is free to join the Invest4Justice peer-to-peer litigation crowdfunding network, and nothing is paid if a dispute is not successfully funded to Invest4Justice. Even when a dispute is successfully funded, Invest4Justice costs less to use than most crowdfunding networks, taking only 4% of the total amount of litigation funding raised, which it reinvests in meritorious cases, such as cases that support human rights and the protection of minorities.
If you support equal access to justice, become a member of the Invest4Justice peer-to-peer litigation crowdfunding network today! Invest4Justice is open to all.
William Kirtley, Legal counsel for Invest4Justice, Invest4Justice Verein, http://www.invest4justice.com, +33 684391434, [email protected]
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