LexShares

LexShares was founded in 2014 and operates as a litigation finance marketplace that lets accredited investors participate in the funding of commercial lawsuits filed in U.S. courts. The platform has grown to a position of scale within the alternative asset class, having funded hundreds of cases and with investors having participated in cases with aggregate claim values of $9+ billion. When an investor funds a case, they are purchasing a contractual right to a percentage of the eventual settlement or judgment — provided the lawsuit wins, settles favorably, or produces a recoverable award. If the case is lost or settles below the investment cost, the investor loses their capital.

The platform curates cases across a range of commercial dispute categories, including commercial contract claims, IP litigation, antitrust cases, breach of fiduciary duty, and post-settlement receivables. LexShares' investment team — led by co-founders Jay Greenberg and Max Volsky — conducts legal due diligence on each case before it's offered to investors, typically presenting detailed case summaries, counsel biographies, damage estimates, and timeline projections. Minimum investment amounts vary by deal, usually ranging from $5,000 to $25,000 per case, and the platform also offers fund-of-cases products that pool investor capital across multiple lawsuits to improve diversification. Average case duration from funding to resolution is approximately 2–4 years, and the platform reports a blended historical IRR in the mid-teens — though individual case outcomes vary widely, and total loss of principal on a failed case is a real risk that structural diversification cannot eliminate.