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MyLawsuit.com
Location: 2995 Woodside Road, Suite 400, Woodside, California, United States United States
Founded in: 2010
Stage: Napkin (idea)
Number of employees: 6-15
Funding history:
- Date: 10/2012, Series A: $1 (post valuation: $5).
Investors: Allen Morgan, Steve Bennett, Jan Blaustein Scholes, Paul Barulich, Sharon Knight, Bill Ihrie, Mark Grotefeld
Short URL: vator.co/mylawsuit-com
Awards and mentions
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Top five women run businesses in Catalyst Competition sponsored by Girls in Tech and Vator!
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CEO is recognized as one of Silicon Valley's Women of Influence 2011
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MyLawsuit.com

...Don't Try to Find a Lawyer. Let Them Find You!
Startup/business
Woodside, California, United States United States
http://www.mylawsuit.com

We connect people or small business in need of legal help to lawyers who accept cases for contingency fees. Lawyers pay nothing to get cases. Clients only pay us if they recover. Currently 172 billion dollars is paid out each year in contingency fee recoveries. We get 5% of whatever is recovered - and we have large barriers to entry.

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Company description

MyLawsuit.com redefines contingency lawsuits by directly connecting plaintiffs and lawyers thereby eliminating the “middle-lawyer” from the referral process and creating a competitive marketplace for lawsuits.

Business Overview
Mylawsuit.com was created to redefine the client-attorney contingent lawsuit connection process.  There are three key value areas that MyLawsuit.com delivers:

1)     MyLawsuit.com, an  internet-based service, has created a competitive market for bidding on contingency fee lawsuits. The focus is to assist individuals in finding qualified lawyers who are willing to take their case for a contingency fee – no money down; fees are due only if the case is successfully litigated and award is collected.

2)     MyLawsuit.com also establishes a social resource network where both plaintiffs and lawyers can turn for advice, information and connections with those similarly situated and in need of particular goods, services and medical attention.

3)      MyLawsuit.com has a lead generation business built into the model which allows individuals and lawyers to find financing for their cases and case portfolios, respectively.


Team
Business model

MyLawsuit.com receives a 5% commission on successful lawsuits creating a $5 billion revenue potential.

Total market for tort awards is approximately 172bn per year.

MyLawsuit.com also receives fees for connecting lawyers to funding sources for case costs.

Competitive advantage

We connect people to lawyers with the right license and expertise. Clients can view resumes, connect, communicate through online methods including secured video chat. 

We are able to make market frictionless by not charging attorneys at all, and not charging clients upfront for a case they may never win.

No market exists that allows for competitive bidding in contingency fee lawsuits. We have the exclusive license for patents to insure it stays that way!