FOR IMMEDIATE RELEASE
June 14, 2021
SAN FRANCISCO, CA—Legalist (www.legalist.com), a technology-enabled legal assets firm, has announced the addition of Anand Upadhye, former VP for Business Development at Casetext, as Director of Investments, and Jaemin Chang, a former trial attorney and business adviser at Fox Rothschild, as Assistant General Counsel. With more than 25 years of combined litigation experience, they will join Legalist General Counsel Curtis Smolar, former partner at Fox Rothschild, and the rest of Legalist’s team in the deployment of the Legalist funds.
Founded in 2016 by two Harvard drop-outs and advised by former US District Court judge Jeremy D. Fogel, Legalist's proprietary algorithms scrape millions of court records to source and invest in legal assets in bankruptcy and litigation. Legalist raised $100 million for Fund II in 2019 and another $50 million for its bankruptcy-related strategies earlier this year. The firm has funded over 200 investments to date.
“As Legalist expands our mission to help small businesses pay for expensive legal proceedings, we continue to add talented individuals to help us grow,” said Legalist CEO and co-founder Eva Shang. “Both Jaemin and Anand are attorneys who bring significant experience as talented litigators, and we are excited to have them as part of the team.”
Anand Upadhye received his JD from the University of San Diego School of Law in 2009 and his BA in Philosophy/Political Science from UC Berkeley in 2003. He started his legal career as an Assistant District Attorney for the San Francisco District Attorney’s office. A former associate at Schnader Harrison, he also worked at Berding & Weil, where he practiced general commercial and real estate litigation. He was the primary business development, revenue and market relationships leader at Casetext until his recent move to Legalist.
“Legalist’s vision of providing resources to enable parties to stand up and pursue their claims in court is inspiring,” said Upadhye. “As a former litigator with many years of legal-tech startup experience, I’m looking forward to working with Legalist’s ambitious and enthusiastic team to solve some important problems in the legal industry.”
Jaemin Chang received her JD and MBA from the University of San Francisco School of Law and Masagung Graduate School of Management in 2004. For more than 8 years, she worked as a partner at Fox Rothschild where she represented corporate and individual clients with business disputes involving real estate, intellectual property rights, unfair and deceptive business practices, employment and administrative investigations.
“I am thrilled to join Legalist at this pivotal moment in litigation funding,” said Chang. “Legalist is a multidisciplinary team bringing new approaches to the outmoded legal industry -- the driving force behind the continued increase in demand for and acceptance of litigation financing.”
Legalist is a tech-enabled legal asset manager that helps small businesses pay for legal proceedings. Founded in the Bay Area and a graduate of Y Combinator, Legalist uses proprietary algorithms to make litigation and bankruptcy investments. The company manages assets over $200 million and has been featured in the New Yorker, the Wall Street Journal, Boston Globe, and more. www.legalist.com