New Era ADR

Overview
News
LegalTech?
Product stageSegments
Minimum Viable Product
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Online legal services and litigation finance
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New Era ADR is a technology company that has revolutionized the dispute resolution industry through its innovative virtual platform. Launched in April 2021, the company's platform aims to significantly reduce the time and cost associated with resolving legal disputes. By leveraging advanced rules and technology, New Era ADR's platform encourages parties to focus on the core issues of a dispute, leading to swifter outcomes and fostering a more pragmatic approach to conflict resolution.

The company's proprietary technology platform allows parties to resolve their disputes in under 100 days with highly experienced arbitrators and mediators, resulting in savings of up to 90% in time and cost compared to traditional legal processes. New Era ADR's business model involves providing efficient, high-quality resolutions through its flat-fee virtual platform.

New Era ADR has gained rapid adoption across various industries, including ecommerce, technology, retail, education, and professional services. As of March 2022, the company had already become the named dispute resolution platform in over 50 million contracts and was adopted by leading B2C and B2B organizations.

In February 2024, New Era ADR received recognition as the "New Law Company of the Year" by American Lawyer Media's Law.com at the Legalweek Leaders in Tech Awards for its contribution to the innovation and disruption of traditional methods of legal service delivery.

Key customers and partnerships

New Era ADR has secured partnerships with several prominent sports organizations, including the Chicago Cubs, the US Anti-Doping Agency (USDA), and other organizations in the sports industry. The company serves as the proud arbitration forum for these organizations, facilitating the resolution of disputes within its secure virtual platform.

Additionally, New Era ADR has gained traction with law firms, with numerous firms actively recommending the company's platform solutions to their clients. This includes large AmLaw 100 firms and top boutique firms. The company has also established partnerships with organizations in various industries beyond sports, as evidenced by its widespread adoption across sectors like ecommerce, technology, retail, education, and professional services.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
917 W Washington Blvd, #104 Chicago IL USA
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 6.3 mn
Last Funding:
-
Last valuation:
-
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