The Impact of Digital Transformation on Litigation Finance … – Law.com

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COMMENTARY
Tokenizing litigation finance can help level the playing field by making funds more accessible for everyone and significantly increasing access to justice.
December 27, 2022 at 09:28 AM
6 minute read
Litigation Funding
America’s legal system has a problem. The Institute for the Advancement of the American Legal System reported that two-thirds of Americans experienced at least one legal issue in the past four years. When you do the math, that means that we have 260 million legal problems. And this has resulted in a huge court backlog.
Of those hundreds of millions of legal issues, almost half—120 million—don’t get resolved at all. Even the ones that do get resolved sometimes are concluded unfairly, usually because defendants or claimants don’t have the money to finance the process.

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