Source: UK Tech
FinLegal, a platform for managing class actions and large numbers of similar claims, is the first South Yorkshire startup to secure £2m investment from the Northern Powerhouse Investment Fund II (NPIF II).
Since its launch in 2020, FinLegal is said to have processed over two million claims and is now used by the UK mass claims firm Leigh Day, Australian firm Maurice Blackburn, and a growing number of mid-market firms in the US.
The platform’s founder, Shinn, says it can enable legal teams to handle up to six times more claims.
He added: “The claims market is ripe for a platform like ours. Many claims are run on a no-win no-fee basis and increasingly there are fee caps, so operating costs are critical. Our solution reduces costs, automates but also improves client care and makes it possible to manage claims at a scale which might otherwise not be viable.”
Read full article: https://www.uktech.news/tech-hubs/yorkshire-humber/npif-ii-south-yorkshire-legal-tech-finlegal-20240724
