LXE takes a novel approach towards improving Malaysia's legal practice, through its web-based platform for clients and their lawyers to track and manage litigation proceedings together in a systematic and transparent manner.
|191% of target||0 days left|
|Min Target||RM 100,000|
|Max Target||RM 400,000|
Early Birds receive Additional Shares for Investments on or before 20th November 2020:
RM 500 - RM 999 : 5% Additional Shares
RM 1000 - RM 4999 : 10% Additional Shares
RM 5000 and above : 15% Additional Shares
LXE THEORY SDN BHD is a Malaysian legal technology company founded by a team of lawyers and fin-tech practitioners. Our focus is to address the knowledge gap often faced between clients and their lawyers through the creation of a shared digital platform to track, supervise and manage their litigation proceedings.
LXE is based on three core-values:
To improve the accessibility and inclusiveness of the public in the litigation process
To increase transparency in the management and monitoring of litigation proceedings
To promote greater accountability and confidence in the conduct of litigation cases
The Malaysian legal system remains largely inaccessible to anyone outside the profession, due to limited awareness and innovation in legal technology.
There is an information gap on how litigation proceedings are conducted in Court. Clients often require better understanding and transparency on the handling of their cases by lawyers.
Without a proper record, clients find themselves vulnerable to miscommunication / misinformation, and in certain undesired circumstances, even exploitation.
When clients are not fully equipped to make informed decisions, losses may be incurred and public confidence in the legal profession may be affected.
LXE is a Web-based digital platform for clients to track, manage and supervise their litigation proceedings together with their lawyers.
Lawyers key in suit information and updates onto LXE
LXE generates a chronology of information shared with the Client
Check and balance to keep all Parties accountable
Receive and track all updates from a single digitised source
Ensure full transparency of information received from Lawyers
Save time and better understand the full picture of the litigation process
Have security that all Client updates / instructions are recorded
Greater confidence of Clients and opportunity to set the Firm apart
Increased efficiency in file management, record-keeping, task supervision and Court date / deadline reminders
End-to-end file supervision, tracking and management
Digital chronology of litigation records and information
Facilitates client communications and updates
Instant email notifications on updates and deadline reminders
Billing and expense tracking and management
Database for documents shared with Client
Private encrypted server to ensure only Parties involved in a Suit have access
Two-way confirmation via email required between the Client and Law Firm to share a Suit
Law Firms have additional control over which Parties have access to a Suit
Devices used to access LXE accounts can be monitored and controlled
Parties receive notifications on irregular sign-in attempts
First Mover Advantage
We believe LXE is a first-of-its-kind solution, focused on benefiting both the legal profession and public at large.
Our valuation is based on conservative projections to allow room for healthy capital appreciation for our investors.
Low Entry Point
Anyone can invest from a minimum of RM 500 to own a stake in LXE. We believe a larger investor community makes sense from both an exposure / marketing standpoint, and based on shared input towards ensuring LXE's success.
*Subject to review where applicable
Total of 519,605 Civil Suits; and 1,951,102 Criminal Suits registered from Feb 2019 - Jan 2020.
Average of 43,300 Civil Suits and 162,591 Criminal Suits registered each month.
Total of 4,702 law firms registered in the Klang Valley (KL & Selangor) alone.
802 law firms registered in Johor, 689 registered in Penang, and 2,058 across the other states.
Model basis (conservative):
Less than 8% of the potential number of law firms taken into account
Average of 3 new files each month for every law firm
1 additional account purchased for every 2 law firms (commencing only from year 2)
Joshua is a qualified lawyer specializing in corporate and commercial litigation. He currently advises on financial technology and capital fundraising with a recognized market operator registered with the Securities Commission of Malaysia.
Abhilaash is a qualified lawyer and member of Shearn Delamore & Co.’s Tax and Revenue Practice Group. His key areas of practice involve various aspects of Malaysian tax and revenue advisory, dispute resolution, and litigation work.
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