Lexshares
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  • General

    • What is LexShares?

      LexShares is a litigation finance firm, with an innovative approach to originating and financing high-value commercial legal claims. LexShares funds litigation related assets through both its online marketplace and dedicated litigation finance fund. Founded in 2014, the company is privately owned with principal offices in Boston and New York City. The LexShares team is comprised of experienced litigation, finance and technology professionals. You can learn more about us here.
    • What is litigation finance?

      At its most basic level, litigation finance (also called litigation funding) is the practice where a third-party unrelated to the lawsuit provides capital to a party involved in litigation, in return for a portion of any financial recovery from the lawsuit. You can learn more about litigation finance by reading our comprehensive Litigation Finance Guide.
    • How do I get started on LexShares?

      If you are an attorney or plaintiff, you can start here and submit your case for review. If you are interested in investing in legal claims, you can start here.
  • For Plaintiffs and Attorneys

    • How do I receive funding through LexShares?

      If you are an attorney or plaintiff, you can start by joining here.
    • What types of cases can be funded on LexShares?

      LexShares assists in funding meritorious commercial cases at all stages of litigation, including:
      • Anti-competitive claims
      • Banking and insurance disputes
      • Construction and real estate disputes
      • Contract disputes
      • Conversion
      • Fraud
      • Industrial products liability
      • Intellectual property and copyright infringement
      • Whistleblower, qui tam
    • What can funding be used for?

      Use of proceeds may include:
      • Hourly legal fees
      • Expert witness fees
      • Court fees
      • Discovery costs
      • Working capital
      • Personal expenses
    • How much funding can LexShares provide?

      LexShares will work with you to determine the expected costs of litigation and the optimal amount of funding in order to reach a resolution. LexShares minimum investment amount is $100,000 and is uncapped regarding maximum funding size.
    • Will information about my case remain confidential?

      Only information which is publicly available or discoverable may be provided to LexShares. LexShares initial review is based on the information you provide online or over the phone regarding your client's case. Additional information and supporting documentation may be requested. LexShares is committed to protecting the privacy and confidentiality of information. Please see our Privacy Policy and Terms of Use.
    • Does LexShares receive any control over the litigation or settlement negotiations?

      No, LexShares does not receive any rights to manage, interfere with, or influence the prosecution of the case. Settlement strategy and decisions remains in the plaintiff's control.
    • Does litigation funding affect attorney-client privilege?

      Our involvement as passive investors in legal claims does not affect the attorney-client privilege or put attorney work product at risk. We do not request access to attorney-client privileged materials and we are always cognizant not to risk waiver of privilege. Recent court decisions have upheld that attorney work product shared with third-party funders is protected and communications with third-party funders are covered by the “common-interest” doctrine.

    • What criteria determines if my case will be funded through LexShares?

      A number of factors are considered when evaluating cases for funding through LexShares. These factors include:
      • Legal merits: Cases must have strong legal merits. Legal merits means a sound basis for the case and a clear understanding of the claim’s value. Estimated time to resolution is also taken into account.​ 
      • Legal team: The case must be represented by experienced counsel with strong track record of success in the related legal area. Counsel may be working on a contingency or hourly basis. 
      • Defendant's creditworthiness: Defendants must be well-capitalized entities with an ability to pay damages awarded as a result of litigation. 
      • Costs of litigation: The expected costs of the claim must be foreseeable. An estimated budget is required from counsel to consider a case for funding through LexShares.
    • How involved is LexShares, and what information do I need to provide once an investment is made?

      LexShares is a passive investor. LexShares will be entitled to receive material updates from the attorney of record and will monitor the case based on based on publicly available information.
    • I submitted a case. What happens next?

      LexShares' team will complete an initial review of the legal claim and may contact you should additional information be required. Cases are reviewed in the order they are received.
    • How long will it take LexShares to review my case?

      Cases are reviewed in the order they are received. If a legal claim is accepted for review, you or your legal team may be contacted for additional information. The speed of the review process depends on the responsiveness of the parties during the review period. If a claim meets the criteria to be funded, you will receive a term sheet. After the terms are accepted, a final review will be performed, lasting up to four weeks.
    • What information do I need to provide LexShares to for my client's case to be funded?

      LexShares' initial review will be based on the information you provide online or over the phone regarding your client's case. Only information which is publicly available or discoverable may be provided to LexShares. Additional information and supporting documentation may be requested from you or your legal team.
  • For Investors

    • How do I invest in commercial legal claims with LexShares?

      To get started, join and register as an investor.
    • Who invests through LexShares?

      LexShares investors include high net worth individuals and institutional investors, including select family offices, hedge funds and asset managers.
    • How does LexShares evaluate cases for investment?

      LexShares' team of legal and investment professionals consider a number of factors when evaluating cases. These factors include:
      • Legal merits: Cases must have strong legal merits, which means they must have a sound legal basis for the case and a clear understanding of the claim’s value. Estimated time to resolution is also taken into account. 
      • Legal team: Plaintiffs must be represented by experienced counsel with a strong track record of success in the related legal area. Attorneys may be working on a contingency or hourly basis. 
      • Defendant's creditworthiness: Defendants must be well-capitalized entities with an ability to pay any damages awarded as a result of litigation. 
      • Cost of litigation: The expected costs of the claim must be foreseeable. An estimated budget is required from counsel to consider a case for posting on LexShares.
    • Do I need to be verified as an accredited investor to invest through LexShares?

      Yes, you must be verified as an accredited investor in order to invest in legal claims through LexShares. Interests are offered pursuant to Regulation D Rule 506(c) which requires issuers to take reasonable steps to verify that all investors are accredited.
    • How do I prove that I am an accredited investor?

      You can upload one of the following items to the Accreditation tab on your Investor Profile:
      • Accreditation verification letter: Letter signed by a third-party (CPA, attorney, investment advisor, broker/dealer) of your choosing, verifying your status as an Accredited Investor. 
      • Income proof: Tax returns or W2s for the past two years. 
      • Asset proof: Copy of recent account or brokerage statements showing the value of your account(s) to be in excess of $1 million and credit release form. 
      Please note verification of status as an Accredited Investor via an accreditation verification letter or asset proof remains valid for 3 months. Verification of status as an Accredited Investor via income proof remains valid until April 15th of the following year.
    • How long does my proof of status as an accredited investor remain valid?

      Verification of status as an Accredited Investor via an accreditation verification letter or asset proof remains valid for 3 months. Verification of status as an Accredited Investor via income proof remains valid until April 15th of the following year.
    • When I invest on LexShares, what do I own?

      Investment opportunities posted on LexShares are indirect investments in legal claims offered through single purpose pooled investment funds managed by LawShares, LLC and sold through WealthForge Securities, LLC, a registered broker dealer and member FINRA/SIPC. When you invest you are purchasing equity in an LLC as a limited member. In turn, that LLC contracts directly with the plaintiff.
    • Are there fees for investors?

      There are no management fees charged to investors in individual cases through the LexShares platform. LexShares takes a carried interest in each case successfully funded. Carried interest is a share of the profits of an investment.
    • I finished joining as an investor but I still do not see any specific case investment opportunities. Why is this?

      LexShares has a rigorous vetting process for prospective investments. This means that there will not always be an open case for investment on the LexShares platform. Investors who complete registration will be notified as soon as there is a new case available for investment.
    • How do investors transfer funds to LexShares?

      For each investment, investors are able to choose to fund their investment via ACH or wire transfer. For each investment opportunity there will be specific account numbers that we will provide to the investor so that funds are received properly and securely.
    • Is the LexShares.com platform secure?

      LexShares is committed to protecting the privacy and confidentiality of information. Please see our Privacy Policy and Terms of Use.
    • Are these investments risky?

      Yes, investments in legal claims offered through LexShares are speculative and carry a high degree of risk. Investment opportunities posted on LexShares are “private placements” of securities that are not publicly traded, are subject to long holding period requirements, and are intended for investors who do not need a liquid investment. Investors must be able to afford the loss of their entire investment without a change to their lifestyle.
    • Can non U.S. based investors fund cases listed through LexShares?

      Yes, LexShares supports funding by non U.S. based investors through our online platform. Additional documentation may be required.
  • LexShares Marketplace Fund

Ask Us Directly

(877) 290-4443

General Inquiries

info@lexshares.com

Investor Relations

investors@lexshares.com

Learn more about litigation finance

LexShares is a leader in the litigation finance industry, and has assembled a comprehensive guide on how it works.

Learn More