Crowdfunding for Lawyers
Easily split expensive legal fees among many clients
GroupFund Legal provides a confidential and easy-to-use platform to:
- Split and divide the cost of an otherwise expensive project or litigation
- Make more money, while charging clients less
- Raise funds
- Privately invite potentially large numbers of participants to share the cost of legal fees
- Easily manage and keep track of invitations, responses, reminders, contribution offers and confirmations, and all the rest
The potential use cases are endless!
Estimate assumes a law firm billing assistant at total hourly cost including overhead of $27 /hr spending at least 4 hours per project assembling contacts, emailing invitations, monitoring and tracking responses, calculating cost per invitee, sending confirmations, calculating final figures, and invoicing each participant.
See It In Action
How It Works
Describe your project
This could be the lawsuit you want to confidentially crowdfund, the research and analysis you propose to conduct, the lobbying effort you want to fund, or the work product you propose to create.
Your project description is kept completely private. You control who gets to see it!
Set your funding goals
This is the amount of money you want to raise for your project.
Your funding goal is also kept completely confidential, and will only be displayed to the people you want to see it.
Choose who you want to invite
GroupFund Legal will send emails to the people you want to invite to your confidential crowdfunding project. No one else gets to see it!
Choose from your existing email contacts, or easily add new ones.
Choose the dates you want your invitees to respond by, and when you want to have your funding confirmed.
Examples of Potential Use Cases
-Raise funds for expensive private litigation, by inviting friends or family members
-Easily divide the cost of legal work for a small company among all the stakeholders
-Conduct large scale projects for a number of clients, with each client paying only a fraction of the total cost of the resulting work product
-Easily announce, organize, and manage a “reverse RFP", in which a law firm invites clients to band together to fund the solution to a common problem
-Businesses can also conduct “reverse RFPs", by using GroupFund Legal to invite other affected businesses to share in hiring a law firm
-Trade groups can distribute the cost of expensive lobbying efforts or other endeavours among various interested members
GroupFund Legal allows you to automate your funding process. It takes the hassle out of handling all the invitations, responses, pricing, reminders, and confirmations involved.
However, the automation does not force you to do things in a specific way. The GroupFund Legal system can be adjusted and configured in a wide variety of ways.
Any of the automation settings can be changed to fit your needs. Plus, you can manually override the automation at any time.
GroupFund Legal allows you to import your email contacts from Microsoft Office 365 and Google email systems with just a few clicks.
You can also import your contacts via CSV (comma separated value) file, which is a standard way of importing and exporting contacts lists. This means you can easily import your contacts from virtually any online email platform, as well as virtually any desktop email software system.
Or, you can add contacts manually, if you want.
With GroupFund Legal, you can make your email notices look just how you want them:
- Add your own law firm or company logo
- Send emails from your own law firm’s domain name
- Choose your own colors
- Use your own text and layout
Or, you can just go with our existing default settings.
You can send GroupFund Legal emails from an email address you own!
By default, all emails will be sent from an EffortlessLegal.com email address. However, GroupFund Legal is integrated with Amazon’s Simple Email Service (SES), a popular email delivery service.
You can sign up for a free account at: https://aws.amazon.com/ses/
Amazon SES is super easy to set up. Just follow the instructions on the Amazon SES website, and you’ll be up and running in minutes!
EffortlessLegal takes security seriously.
Like most quality online systems, all of your data with our app is encrypted both “in transit" and “at rest."
In other words, all transmissions to and from the GroupFund Legal service, and all items stored in the GroupFund Legal system, are all encrypted using at least 256-bit SSL certificates, providing strong “bank-grade" security.
As an additional security measure, our systems are regularly checked and certified by security experts who specialize in high-risk industries like banking and financial services. Contact us if you would like a copy of the latest report.
For more information about how we secure your data, please see: Data Security and Protection