Press Release

June 23, 2020

Legalist continues rapid growth with new milestone: over 100 funded cases

June 23, 2020

SAN FRANCISCO, CA—Legalist (, a technology-enabled litigation finance firm, announced today that it has committed capital to 81 investments in over 100 litigation cases. This milestone comes on the heels of the company announcing in January that its funded cases have collectively recovered over $500 million in damages across 20 concluded investments.

“Our 100+ invested cases result from a comprehensive review of over 7000 claims, enabled by our proprietary algorithms,” said Legalist COO and co-founder Christian Haigh. “Legalist’s unique combination of technology and human expertise is what allows us to underwrite David vs. Goliath cases quickly and efficiently.”

Started in 2016 by two Harvard drop-outs, Legalist invests in commercial litigation by using algorithms that scrape state and federal court records to source and help underwrite investments. Unlike traditional litigation funders, Legalist exclusively focuses on mid-market cases that require less than $1 million in funding. Legalist announced the close of $100M Fund II in July 2019.

“As our company continues to grow, we stay committed to investing in mid-market cases,” said Legalist CEO and co-founder Eva Shang. “Litigation finance can serve as an important tool that allows small businesses to retain quality legal counsel and secure the outcome they deserve. We remain focused on serving their litigation financing needs, especially in wake of the COVID-induced economic uncertainty.”

Since raising Fund II, Legalist has expanded both its engineering and underwriting teams. Its investment team now includes former litigators from Fox Rothschild, Duane Morris, Gibson Dunn, Brown Rudnick and other Am Law 200 law firms.

About Legalist

Legalist is an algorithmic litigation finance firm that helps small businesses pay for their lawsuits. Founded in San Francisco, Legalist uses machine learning and AI technology to source and underwrite litigation investments. The company manages assets over $110 million and has been featured in the New Yorker, the Wall Street Journal, Boston Globe, and more.