Litigation Finance Start-Up Expands Offerings

A start-up litigation finance firm is expanding its offerings, the latest sign of a shifting market for outside investment in lawsuits.

Today, LexShares, an online platform that allows investors to finance lawsuits, announced that it will start offering clients litigation finance on a portfolio basis — whereas in the past, it only offered investors the ability to fund single cases at a time.

Such financing arrangements are hardly unprecedented among the large players in the litigation finance industry, but it is a significant play for LexShares, which launched in 2014 and has found a niche market in financing small to mid-sized claims. ...