We support the ecosystem of people who provide services in the personal injury industry. We believe by powering them, we help the plaintiffs whom they serve to get a better deal from the justice system.
People who work in personal injury get a bad rep. But we see things differently.
These people provide critical support to plaintiffs during the worst days of their lives: after a car crash, work-related injury, or other devastating accident. They are doctors who help them heal, lawyers who challenge the big insurance companies, and financiers who help them pay rent and buy food for their families while they’re out of work. And almost all of these people share one thing in common: they aren’t paid for their services for months or even years after they provide them.
That’s because most plaintiffs can’t afford to pay for the services they need to get better and pursue their case (63% of Americans report they can’t afford a $500 emergency expense). Instead, they “pay” providers with IOUs called “liens” or “letters of protection.” Often, these liens are only paid if and when a plaintiff's case is settled. In the amoral language of finance, when someone is wrongfully injured, an “asset” is created based on the compensation they expect to receive when they settle with the defendant or, more commonly, defendant’s insurer. Plaintiffs assign partial ownership of that future compensation in exchange for their services.
Personal injury cases, though, take a long time to settle. So not only are plaintiffs waiting to get paid, but so are their doctors, lawyers, and so on.
Over time, these service providers need to manage their liens to make sure the plaintiffs attorneys, who is usually responsible for paying lienholders (including themselves), have the information they need and don’t forget to pay their liens. And with multiple lienholders per case and hundreds or thousands of cases per plaintiff’s firm, it’s hard to keep track of it all.
All this may sound like a trivial “cost of doing business”, but it adds cost and uncertainty that not only discourages service providers to get paid on lien, but ultimately hurts plaintiffs.
Some may think it’s unsexy problem for us to solve, but we think helping ensure people with liens can manage them easily and get paid is a critical part of ensuring the civil justice system works for plaintiffs as well as it works for defendants. And that’s Mighty.
We are engineers, data scientists, underwriters, and sales managers. We care about the long game of improving the civil justice system, and we get a thrill from solving problems to make people’s lives easier. We have activist hearts and engineering brains. If that sounds like you, come join us.