The Service That Rethinks How Divorce Should Be Done
Teodora Zareva is an entrepreneur, writer, board games geek and a curious person at large. Her professional path has taken her from filmmaking and photography to writing, TEDx organizing, teaching, and social entrepreneurship. She has lived and worked in the U.S. and Bulgaria and is currently doing her MBA at Saïd Business School at the University of Oxford. Her biggest passion lies at the intersection of media and youth development. She is the co-founder of WishBOX Foundation, a Bulgarian NGO that helps high school students with their professional orientation by organizing events, courses, summer camps and developing digital media resources.
Every 13 seconds someone in the U.S.A. gets divorced, which is the second most stressful event in an adult's life, costing at average between $15,000 - $20,000. Wevorce is a service that aims to disrupt the 30 billion dollar divorce services market by creating "a whole new way of approaching divorce." An amiable, respectful, mature, mutually beneficial, out-of the-courts way.
What inspired Michelle Crosby, the founder of Wevorce, to create the service was her own experience with the painful divorce of her parents who fought in court for 15 years. She knew there had to be a better way for two people to get through a divorce, and set forth to design a six-step process replacing the 2-attorney adversarial system with a technology platform and a mediator. Using the software, with the help of a Legal Architect (a person who guides both spouses through the entire process), co-parenting and financial experts, the couple can create an exhaustive divorce contract covering details like child's diet and curfew. The service is designed to serve the unique needs of families rather than attorneys and courts. It provides them with child custody and support solutions, experts to help them in-person or online, and a flat fee charge averaging at $7,500.
Wevorce has a 99% success rate, which means that only 1 out of 110 clients has gone to court to date. As a matter of fact, the company is so confident in its approach that it offers to pay attorney fees in situations where families cannot achieve an amicable resolution.
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