Joseph Cooper calls it “the justice gap” and what he is pinpointing is the avalanche of unfiled lawsuits and the unpursued legal matters that the middle class often just lets go untended.
The rich pay lawyers. The poor, in many cases, can access free legal assistance. The middle class is out in the cold.
Enter Cooper’s Justice for Me, where he is creating a system that helps attorneys find clients, helps those clients borrow money to pay for their legal assistance, and just may also help credit unions add a powerful new loan product to their portfolio.
Wake up, smell the vanishing auto loan. Legal loans just may be a great new product and it also is a product that aligns well with the core credit union mission of helping the middle class.
Justice for Me avoids most criminal law, will not do contingency fee cases (personal injury), but there are many, many other matters such as wills, adoptions, divorces, contract law, bill disputes and much more.
Lawyers need the work – we are over lawyered these days – but they also want to be paid. Enter Justice for Me.
It’s a novel idea. And it’s worth a listen here.
Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available.
Find out more about CU2.0 and the digital transformation of credit unions here. It’s a journey every credit union needs to take. Pronto