This litigation finance origination platform filters prospective plaintiffs and assigns them to attorneys, creating asset-backed securities from filed cases. These securities are then sold to litigation funders, providing investors with diversified and de-risked litigation assets.
Funding
Funding not disclosed
Founders
Product
Problem
Individual plaintiffs often lack the resources to pursue meritorious legal claims, while attorneys face challenges in securing high-quality cases ready for litigation. Litigation funders seek diversified portfolios of cases to mitigate risk and generate returns, but sourcing and assessing these cases can be inefficient.
Solution
AlphaLit is a litigation finance asset formation platform that connects plaintiffs with attorneys and provides litigation funders with diversified portfolios of pre-vetted cases. The platform identifies high-value prospective plaintiffs and develops their claims, then uses a proprietary 17-point rubric to assess case quality. AlphaLit completes initial intake and develops legal strategies before connecting plaintiffs with partner attorneys experienced in relevant practice areas. Finally, AlphaLit provides cross-collateralized portfolios of filed cases to litigation funders, offering diversified, low-risk litigation assets.
Target Audience
AlphaLit serves individual plaintiffs seeking legal representation and funding, attorneys looking for vetted cases ready for litigation, and litigation funders seeking diversified, high-yield case portfolios.
Features
- Proprietary 17-point rubric for identifying high-value claims
- Multi-channel marketing and lead qualification to source plaintiffs at scale
- Initial legal strategy development and case packaging for attorneys
- Vetted plaintiffs and completed intake process
- Cross-collateralized portfolios of recently filed cases
- Focus on single-plaintiff claims to minimize duration and appellate risk