See the 13-page pitch deck legal-disputes startup New Era ADR used to nab $4.6 million in seed funding
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The legal-tech startup helps companies handle arbitration online.New Era ADR
"We're refocusing the litigation industry back on telling the story, reducing all the acrimony and animosity that's involved in this industry," Rich Lee, the CEO and a cofounder of New Era, said. New Era helps companies handle large legal disputes virtually, from filing a case to uploading documents during discovery."Nobody wants to waste their time in pretrial motions, evidentiary motions, all the procedural fights," Lee said."They just want cost predictability, time predictability, and to tell their story. There's a real catharsis when an organization or an individual actually gets to share their side.
The terms of arbitration are typically agreed to in a contract, and companies can copy and paste New Era's language into their contracts.In addition to on-demand dispute resolution, New Era also has subscription risk solutions that clients can add on, including class actions and mass arbitrations."The litigation industry is massive. Imagine all the cases that haven't been filed because companies don't want to go through the process.
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