SAN FRANCISCO, CA—Legalist (www.legalist.com), a technology-enabled litigation finance firm, has announced the addition of Sean Liu, formerly an Investment Director at SoftBank’s Vision Fund, as Chief Financial Officer. With many years of experience in various investment roles across finance and technology, he will join the rest of Legalist’s San Francisco-based team in the deployment of Legalist Fund II. Liu brings with him an extensive background in private equity, technology investing, and risk analysis.
Started in 2016 by two Harvard drop-outs and advised by former US Court of Appeals judge Richard A. Posner, 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 raised $100 million for Fund II in 2019.
“Legalist has known Sean for over three years in his former role at Vy Capital, and we’re tremendously excited to have him join us as CFO,” said Legalist CEO and co-founder Eva Shang. “Our unique combination of technology and talent, both legal and financial, is what allows us to succeed as an investment firm.”
At SoftBank’s Vision Fund, Liu helped set up the firm's Shanghai office and led a team of investment professionals on several of the firm's investments in China. Prior to SoftBank, Liu was an investor at Vy Capital, and facilitated the firm's investments in the US and China across a broad spectrum of industries. Before joining Vy Capital, Liu worked at technology investment firm Silver Lake Partners as an Investment Associate. He received his bachelor’s degree in International Economics from Georgetown University.
Legalist is an algorithmic litigation finance firm that helps small businesses pay for their lawsuits. Headquartered 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.