MyLawsuit.com
Location: 2995 Woodside Road, Suite 400, Woodside, California 94062, United States United States
Founded in: 2008
Stage: Beta (public testing)
Number of employees: 6-15
Funding history:
- Date: 10/2010, Seed: $577 M
Investors: Allen Morgan, Steve Bennett, Jan Blaustein Scholes, Paul Barulich, Sharon Knight
Profitable year: 2011
Short URL: vator.co/mylawsuit-com
Admins (1)
Followers (62)

MyLawsuit.com

...Don't Try to Find a Lawyer. Let Them Find You!
Startup/business
California, United States United States United States
http://www.mylawsuit.com
About
Video/documents
Company description

MyLawsuit.com redefines contingency lawsuits by directly connecting plaintiffs and lawyers thereby eliminating the “middle-lawyer” from the referral process and creating a competitive marketplace for lawsuits.

Business Overview
Mylawsuit.com was created to redefine the client-attorney contingent lawsuit connection process.  There are three key value areas that MyLawsuit.com delivers:

1)     MyLawsuit.com, an  internet-based service, has created a competitive market for bidding on contingency fee lawsuits. The focus is to assist individuals in finding qualified lawyers who are willing to take their case for a contingency fee – no money down; fees are due only if the case is successfully litigated and award is collected.

2)     MyLawsuit.com also establishes a social resource network where both plaintiffs and lawyers can turn for advice, information and connections with those similarly situated and in need of particular goods, services and medical attention.

3)      MyLawsuit.com has a lead generation business built into the model which allows individuals and lawyers to find financing for their cases and case portfolios, respectively.

Team

Management Profiles Michele Colucci, a lawyer and serial entrepreneur, who is able to leverage her legal education from Georgetown University, her media experience running her own company producing television, film and reality supported by a Masters Degree in Fine Arts from the American Film Institute and her extensive retail experience as an owner/operator of a chain of 12 retail stores. 

 

Lisa Henderson brings 20 years of market experience having launched over 100 products and companies in her career. She is a serial entrepreneur working as an original team member at mokafive.com, memeo.com, leveledge sports management, hungryminds.com, buzzsaw.com, lucy.com and two food companies. Her leadership experience includes companies such as Microsoft, eBay, Symantec and McAfee.   Lisa holds two MBA’s - one in finance and marketing and one in sustainability. 

 

Hans Lee is our Chief Architect with twenty years experience as a software engineer and network architect at companies including Sun Microsystems, Synfonic and GoingOn.

 

Sean McGraw is a proven executive with 20 years experience in incubating, growing and managing customer-focsed professional servics and supporting organizations in both early stage and established companies dedicated to customer retention and satisfcation. Past employment includes Oracle, Extricity and Movaris. 

 

Crystal Huang is a certified Paralegal and front end developer whose past work include positions at Kimball, Tirey, & St. John, LLP and Schlepphorst & Emede, P.C.

 

Hon. Judy Dick, a Retired Judge has a long, established career as an Administrative Law Judge in San Francisco, CA.

Business model

MyLawsuit.com receives a 5% commission on successful lawsuits creating a $5 billion revenue potential.

Total market for tort awards to plaintiffs and their lawyers (exclusive of punitive damage awards) was 100bn in 2007. An additional 68bn was awarded in punitive damages.

Competitive advantage

Referral networks, advertising based services and listing services all exist. These either direct people to attorneys and get paid for that service, or direct people to all attorneys with little appropriate differentiation. In the current market, there is no service is dedicated to taking out the middle man and empowering the consumer to connect directly with attorneys and law firms in a meaningful way to handle their case - and offer the opportunity to save money in the process. No service is available to attorneys responding to specific cases in a competitive bidding environment resulting in lower contingency fees.