In the past decade, crowdfunding entities like Kickstarter have emerged as the go-to resource for anyone who needs to raise money for a pet project, a charity cause or to grow a start-up company. If an aspiring filmmaker wants to fund a short film, there are multiple crowdfunding websites that can take an idea and within hours, get it green-lit after investors around the world offer to chip in to make the film. From honeymoons to the world’s best potato salad, it seems any goal can be achieved via the crowdfunding platform.
Unsurprisingly, the genius of crowdfunding has finally reached the legal market. In just the past couple of years, websites have launched providing a crowdfunding platform for litigation funding. These various companies exist to help cash-strapped plaintiffs who have potentially lucrative cases against large entities or, on the flip side, smaller companies being sued by Goliath-type competitors, connect with able investors to support the inevitable costs of bringing a lawsuit.
