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Legora's in-house legal business grew 15x year-over-year
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Legora CFO David Eckstein explains the growth behind the raise--10x with law firms, 15x with in-house teams: "Our law firm business grew 10x year-over-year." "Our in-house business, which are enterprises and corporates, grew 15x year-over-year. The growth is unbelievable...if we look at Q3 alone, 45% of our new business is coming from corporates and enterprise." "There's many Global 2000s that have legal departments that are the size of Am Law 200 law firms. We are seeing this unparalleled…
MaxJunestrand@MaxJunestrand3d ago
We have raised a $550M Series E at an $8.8B valuation, led by Atreides. Every major existing investor is back in, and we’re welcoming Baron Capital, Capital Group, Fidelity, Glade Brook and J.P. Morgan. We picked investors who think in decades. Several of them work with law firms and legal teams every day, so they can see where the work is heading. Lawyers are moving from AI assistants to agents that do multi-step work. The money goes there. We’re growing our teams across North America, Europe, Latin America and Asia-Pacific, and going deeper on the Legora aOS. Thank you to the 1,000+ people at Legora, and to the 140,000 legal professionals who use what we build. I say this a lot because I believe it: it’s the best time in history to be a lawyer. We're thankful to be a part of it. Full story: https://t.co/tFdtLvm6PM
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