LEXpense is:
Smarter Business. Smarter LegaL.
LEXpense is a legal technology and informatics business. We use our proprietary algorithm and processing software to forecast and manage litigation support services including data collection, analytics, and litigation expense funding for trial attorneys.
We recognize that the practice of law is rife with inefficiencies and uneven playing fields. Our passion and goal is to help law firms become more profitable by removing inefficiencies in their practice. Personal Injury litigation is one such area that costs law firms money—often without them even knowing it.
We are passionate about Personal Injury and Profitability.
Your fee arrangement for your personal injury client is probably a contingency fee. Your time is compensated from the settlement/judgment you obtain, but the expenses—those are supposed to be the client’s responsibility.
Most often you end up advancing expenses for a client’s case. This affects your bottom line, limits the number of cases you can take on, constrains legal strategy, and affects your monthly paycheck and overall profitability.
When you pay for your clients’ Personal Injury Expenses, you are making a 0% interest loan.
LEXpense evaluates and forecasts case outcome. Our litigation support services, including data, analytics, and expense funding are “legal intelligence” that enables you to determine just how much you could recover on a case – we help determine your return on investment and your profitability.
LEXpense also can facilitate expense financing for your firm/your client to ensure you have the funding you need to put on your best case. The case is the collateral. Your litigation finance funding requires only quarterly interest payments, which are built into the loan, and payoff when the case settles or judgment is satisfied.
LEXpense identifies cost center cases early on and facilitates maximizing ROI.