For Immediate Release
Amerevision Legal Finance and Priori LegalÂ Offer New Remedies for Business Owners in Need of Lawyers
April 8, 2014
New York, NY- Two former Yale law students have developed a web platform to enable small businesses to find and engage lawyers for specific tasks. The company, Priori Legal, advertises that the lawyers it connects its business owner clients to offer flat or hourly rates, which are often “reduced.” Priori Legal, enables businesses to easily remedy specific legal issues, like those associated with patenting or structural questions.
But, what about legal disputes that need to be mediated, arbitrated, or litigated? Even at a reduced rate, the cost of resolving such disputes cannot be predicted and usually, a business owner is unable to evaluate their attorney’s work product. The time and capital required to resolve a business’ legal disputes can drain its resources and make the difference between its success or its failure. Consequently, valid and important legal claims are frequently abandoned or settled under unnecessary pressure. Amerevision Legal Finance offers a remedy to this significant issue.
Founded in 2012, Amerevision provides legal financing to small and medium-sized businesses. CEO Hezi Torati, created Amerevision’s pioneering business model by adapting a legal financing model implemented by large corporations engaged in high-stakes, multi-million dollar litigations for smaller businesses and claims as low as $300,000.
Amerevision, like Priori Legal, seeks to empower business owners by helping them to more easily address certain important legal concerns. According to Basha Frost Rubin, “We saw people in business not using legal services when they needed it, because the cost for a lawyer was too high and they didn’t know how to assess price and value.” Priori Legal functions like a matchmaking forum, providing names of attorneys in its database who can address a certain, immediate legal need a company has, and clients pay a percentage of the legal fee they ultimately pay for access to this information. Amerevision pays their clients’ attorneys’ fees directly, providing customer care to their clients and research and support services to their attorneys, collecting a percentage of their clients’ award or settlement if they succeed in court. Both companies vet the attorneys they work with, Priori Legal before referring and Amerevision before agreeing to finance and based upon their performance.
Amerevision Capital LLC is based in New York City and provides litigation funding on behalf of persons and small businesses, optimizing its clients’ likelihoods of obtaining expedient and favorable outcomes and maximizing their awards or savings. It was founded in 2011 by Hezi Torati, who has successfully pioneered several innovative and varied niche models of financing in the United States and internationally.