Changelog
Showing the latest 10 of 44 total updates. The last update was made on November 29th, 2024.
Revenue updated for Sprintlaw
Revenue updated for ContractPodAi
Revenue updated for Proof
Revenue updated for Bench IQ
Revenue updated for Legitify
Revenue updated for LegalFly
LegalZoom had its URL changed
Revenue updated for LegalZoom
LegalZoom was added to Legal
Case Status had its URL changed
In this report we're tracking $43.6M in monthly recurring revenue and $416.2M in funding.
#1
Legitify: $1.9M in Funding
Online documentation notarisation platform
Legitify is a platform for digital notarisation across finance, legal, real estate and other industries which was founded in 2020 by Aida Lutaj and Arko Ganguli.
The business offers a remote online service to verify that documents are legal and valid, in order to simplify transactions in jurisdictions such as the UK and EU. The kind of documents that their 1,100 customers use Legitify for include certificates of incorporation, power of attorney, corporate filings, professional certifications and many other similar use cases.
Legitify offers a pay-as-you-go service for individuals, as well as a Business tier priced at €49.95 (~$54) per month for two users or €299.95 (~$326) per month for up to ten users.
Whilst no revenue figures have been disclosed, the business grew by 350% between 2022 and 2023. They also increased the number of paying customers (across 40 countries) by 430% during the same period.
Legitify announced in March 2024 that they’d secured a €1.5 million (~$1.6M) funding round as they aim to expand the business which has nine team members currently, and their global reach. This takes the current amount of investment in the company to $1.9 million.
#2
Bench IQ: $2.1M in Funding
Judicial information service powered by AI
Bench IQ is an AI-powered judicial intelligence platform which was founded by Jeffrey Gettleman, Jimoh Ovbiagele and Maxim Isakov.
The service provides legal users with insights into rulings and decisions previously made by individual judges.
It’s common in the US that just 3% of rulings feature judicial opinions, and Bench IQ aims to fill the gap of the other 97%. This service helps lawyers to build and tailor cases and arguments, based on what specific factors judges typically decide and rule on.
The business gained 12 large law firms as part of their initial customer base, as they offer annual subscriptions and per-hour pricing models. Whilst no pricing options are publicly available, potential users can get in touch via the website to request early access to the offering.
In February 2024 Bench IQ announced that they’d generated $2.1 million in pre-seed funding as they aim to grow the dataset and reach of their new business.
#3
Qura: $2.2M in Funding
Legal Data Search Engine
Qura is an AI-powered search engine for legal data, which reviews over 100 databases for any query.
The Stockholm-based start up was founded in 2023 by Erik Nordmark. He decided to drop out of his 2nd law degree, once he realized that Swedish legal databases were not fit for purpose, and LLMs (Large Language Models) would be a game-changer.
The service is trusted by legal teams at notable organizations like SEB, Cirio, Foyen, and Linklaters, and customers can book a demo at Qura before getting started.
In September 2024, the company raised €2.1M (~$2.2M) in investment during a seed round led by Cherry Ventures and senior Swedish lawyers.
#4
Sprintlaw: $2.9M in Annual Revenue
Legal services consultancy
Sprintlaw provides legal services for startups and small businesses after being founded by Tomoyuki Hachigo and Alex Solo in 2017.
The platform offers on-demand consulting for various legal affairs such as setting up a business, contracts, data and privacy, employment law and intellectual property matters.
Customers are able to receive an online quote, and then, if they choose to accept, they can speak to a lawyer online or by phone. To date, the business has supported over 60,000 companies in Australia alone.
In their latest annual financial accounts, the business reported annual revenue of $2.97 million, which was 8.4% up on the previous year.
#5
ContractPodAi: $17M in Annual Revenue
Generative AI Legal Platform
ContractPodAi is a contract management service for legal teams. The business was founded in 2015 by Viraj Chaudhary, Robert Glennie and Sarvarth Misra.
The AI-powered platform provides assistance and workflow management for contract creations and edits. As well as drafting initial contracts, the software can implement tweaks, automated reviews and reports, legal summaries and documentation analysis.
The service also features many integrations with the likes of Dropbox, Microsoft Word and Slack, enabling teams to be more efficient in their workflow.
ContractPodAi, which has received $170 million in funding to date, shared in their latest report that the business reached €16.3 million (~$17.2M) in annual revenue.
#6
LegalFly: $17.9M in Funding
AI support for legal teams
LegalFly aims to improve the efficiency of legal professionals’ workflow. The business was launched in June 2023 by Ruben Miessen, Dennis Montégnies, Gregory Vekemans and Kasper Verbeeck.
The platform acts as an AI co-pilot for legal teams with contract draftings and reviews, as well as litigation.
LegalFly supports with more than 90 different document types including share purchase and shareholder agreements. Using AI, contracts can be created quickly from scratch, and the service can also answer legal queries and provide insights into lengthy documents.
The site features four subscription tiers, each offering additional credits and features, though, pricing is only available on request.
The business announced in 2023 that it’d secured €2 million (~$2.1M) in seed funding, and an additional €15 million (~$15.8M) in 2024 to continue its early growth, with dozens of law firms already onboarded.
#7
LegalVision: $20M in Annual Revenue
Commercial legal services
LegalVision provides companies with legal advice and a range of services. The business was founded in 2012 by Ursula Hogben, Lachlan McKnight and Evan Tait-Styles.
The platform supports customers with unlimited legal support and documentation on matters including business set-up, contracts, employment and HR, and trade mark applications.
Companies can pay a monthly fee, starting at $199 per week, to access on-demand consultations with one of over 100 lawyers on the team. LegalVision has supported more than 310,000 customers to date, including household names such as Canva.
The business last reported annual revenue of $20.06 million, and has since shared that monthly revenue is growing at an average rate of 5%.
#8
Spellbook: $30.1M in Funding
AI copilot to assist lawyers with contracts
Spellbook is an AI assistant for contract drafting and reviews which was founded in 2018 by Daniel Di Maria, Matthew Mayers, and Scott Stevenson
The software helps users draft contracts quicker and can suggest the language and negotiations to be used based on being trained on billions of lines of legal content. The service can also detect any missing clauses and aggressive or unusual terms contained within the text.
Whilst no income figures have been released, Spellbook did confirm that they’d grown revenue 10x between 2022 to 2023.
In January 2024, the company announced that they’d raised $20 million in funding, taking the total amount of investment to $30.1 million.
The AI copilot is currently used by over 1,700 legal teams and reviews more than one million contracts per year. Though, with the recent investment the aim is to grow this number to 30,000 global law firms.
#9
Case Status: $33.6M in Funding
Law Firm Client Engagement Software
Case Status is a platform for legal teams which is designed to nurture clients and generate business, essentially helping law firms to increase their bottom line.
The founders of the business are tech entrepreneur Andrew Seavers and lawyer Lauren Sturdivant, who launched the software company in 2017.
The services provided for clients include a mobile portal, automated updates and workflows, real time messaging, a customer feedback tracker, AI for legal client engagement, and more.
Case Status generated $19.7 million in their latest funding round, which is designed to accelerate growth. This takes the total amount of investment in the business to $36.1M.
#10
LinkSquares: $40M in Annual Revenue
Procedural AI Platform for legal teams
LinkSquares is an AI-powered legal platform which was founded in 2015 by Vishal Sunak and Chris Combs.
The business uses generative AI to draft and sign legal contracts, as well as providing contract insights and project management. Essentially supporting in-house legal teams to make their procedures quicker and easier.
The platform which supports all legal tech needs has integrations with the likes of Slack, Microsoft Word and Google Drive, and is currently being used by several large companies such as Time and Fitbit.
To date, LinkSquares has received $161.5M in funding and currently generates $40M in annual recurring revenue.
#11
Proof: $40M in Funding
Nationwide on-demand process serving platform
Proof is an on-demand legal service of process platform which operates throughout the United States and was founded by Eric Voogt.
Customers can create a job and bulk upload all of the relevant documents, track the real-time serve status of each job, then receive proof via geo-tagged photos and affidavits of every successful serve via the Proof dashboard.
More than 5,000 government agencies and law firms now use the offering to efile their legal forms and deliver almost 20,000 documents each month.
The service operates on an on-demand basis, with customers paying for one of four service options which include postal delivery, standard, expedited and same day delivery, with prices ranging from $50 to $190.
The brand announced a new funding round of $30.4 million in January 2024 as it looked to accelerate growth, taking the total amount of investment received to $40 million.
#12
Robin AI: $68M in Funding
Legal contract management copilot
Robin AI is a legal contract software platform which was founded in 2019 by Clifford Chance and Richard Robinson.
The service uses artificial intelligence to automate creating, reviewing, editing and negotiating legal contracts. It can also summarise documents and search for specific clauses or obligations to save legal teams time. To date, the software has been used to process more than half a million contracts.
The business features a free option for users looking to receive up to 10 messages per day. A Pro offering provides unlimited messages, uploads, and access to a legal AI assistant, costing $100 per month for each user. There is also an Enterprise tier with price on enquiry.
In January 2024, Robin AI raised $26 million in investment, and in November 2024, it raised an additional $25 million. Combined with earlier funding rounds, the business has now generated over $68 million worth of funding.
Whilst we don’t have any specific revenue numbers for the business, we do know that during 2023, the brand saw a 400% increase in customer numbers and a 500% uplift in revenue.
#13
EvenUp: $220M in Funding
AI-powered legal document preparation
EvenUp is a document management platform for personal injury law firms which was founded by Rami Karabibar, Saam Mashhad and Raymond Mieszaniec in 2019.
The service provides lawyers with an AI solution to create documentation including negotiation preparation, automate workflow and provide insights and summaries from case detail records.
To date, more than 1,000 law firms have used the software to resolve around $200M from missing legal documents.
In their latest funding round, EvenUp raised $135 million and achieved a $1 billion company evaluation. Taking the total amount of investment in the business to $220.5 million.
#14
LegalZoom: Q3 2024 Revenue of $110.7M
Legal Help for Individuals, Businesses and Lawyers
LegalZoom is a legal document creation service which was founded in 2001 by Edward Hartman, Brian Lee, Brian Liu and Robert Shapiro.
The platform offers a range of legal services, including business formation, business compliance, taxes, copyright, permits, agreements, patents, and trademarks.
To date, the company has provided over 650,000 consultations, created over 3.5 million estate planning documents and supported more than 2 million businesses.
LegalZoom reported Q3 2024 revenue of $110.7 million, which was an increase of 5% year-over-year. This follows on from the brand generating $661 million for the 2023 financial year.
