SAN FRANCISCO, CA—Legalist (www.legalist.com), a technology-enabled litigation finance firm, has announced the addition of Nicolas Echevestre, former litigator at Cooley LLP and Dinsmore & Shohl LLP, as Investment Counsel. With over 10 years of litigation experience, he will join Curtis Smolar, former partner at Fox Rothschild LLP and Legalist General Counsel, and the rest of Legalist’s underwriting team in the deployment of Legalist Fund II.
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 and the milestone of 100+ invested cases in June 2020.
“Nic’s deep expertise in commercial litigation makes him the perfect addition to our underwriting team,” said Legalist General Counsel Curtis Smolar. “Legalist’s unique combination of technology and stellar litigators allow us to underwrite David vs. Goliath cases quickly and efficiently.”
Mr. Echevestre received his J.D. from Columbia Law School and started his legal practice at Cooley LLP with a focus on securities litigation. After 8 years at Cooley, Mr. Echevestre joined Dinsmore & Shohl LLP at their San Diego office, where he represented clients across all industries in varying commercial legal disputes. He has been awarded the Outstanding Service Award by Legal Aid Society of San Diego for multiple years, and received the Pro Bono Publico Award by Casa Cornelia Law Center in 2017.
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. www.legalist.com