Legal Innovators California’s Post

UK-based legal tech startup Lawhive, which allows small, ‘Main Street’ law firms to run their affairs through an AI-based SaaS platform, raised a $40million in Series A funding to expand in the US. The round was co-led by existing investor GV (Google Ventures) and TQ Ventures. Founded in 2019 by Pierre Proner (CEO), Jaime V. (CTO), and Flinn Dolman, Lawhive automates a lot of the heavy lifting for consumer lawyers, speeding up their response times, allowing them to serve more customers, and, they claim, reducing costs for customers by up to 50%. Pierre Proner said: “I’m sure we’ll see competition emerge [in the U.S.], but as of right now we’re first movers in this space.” Lawhive says its AI, named “Lawrence,” has passed part one of the Solicitors Qualifying Examination (SQE). Lawyers can also use the platform to work with their own clients or be matched with consumers and small businesses through the Lawhive marketplace. #LegalTechTalk #LegalTech #Legal #Law #Funding #LegalAI

What do you do when you work with great people building great things for great law firms? Take a selfie of course. Vicky, Mike and I had the pleasure of attending an event organised by London & Partners last week. It was an “ask me anything opportunity” for startups looking to work with firms like Linklaters, Taylor Wessing and Oury Clark. Greg B., Mark Barron and Nick Harrison shared some great insights supported by Kris Sales and Gerard on things like: - The best way to approach the respective firms - Must have's, nice to have's and not required of doing business with the firms - What to do and not to do to get the attention of the firm If you’re an emerging legal tech startup didn't get a chance to attend but interested in answering these questions, please get in touch. I’m Alex, founder of Legal Tech Collective. We help: 👫→ ⚖️ Smart people with great ideas build companies that transform the legal industry 💡→ 📈 Companies to validate product ideas, acquire their first clients, and grow through the first millions in revenue 📈 → 🌎 Legal tech scale-ups to grow into new markets and verticals #legaltech #legaltechnology #lawtech #startup

London had it's autumn "Legal Tech Week" last week. Massive thanks to the LegalGeek team for yet another superb flagship event and also LawtechUK, London & Partners and Linklaters for their respective supporting events. So many interesting conversations with friends old and new and many with those I’ve only, up now, known through the screen. But there is no time to rest. Laptop is packed for LTC’s India roadshow this week! I’m Alex, founder of Legal Tech Collective. We help: 👫→ ⚖️ Smart people with great ideas build companies that transform the legal industry 💡→ 📈 Companies to validate product ideas, acquire their first clients, and grow through the first millions in revenue 📈 → 🌎 Legal tech scale-ups to grow into new markets and verticals #legaltech #legaltechnology #lawtech #startup 

Lawhive, a U.K.-based legal tech company, has secured $40 million in Series A funding to accelerate its expansion into the U.S. market. This follows a successful $11.9 million Seed round in April. The investment round was co-led by existing backer #GoogleVentures and #TQVentures, with additional participation from notable investors, including #BaldertonCapital, #Jigsaw, Episode 1, and even Premier League footballers #HarryMaguire and #ReeceJames. Founded in 2019 by #PierreProner (CEO), #JaimeVanOers (CTO), and #FlinnDolman, Lawhive aims to provide small, consumer-focused law firms with an AI-driven SaaS platform to manage legal operations. The platform helps firms increase efficiency, reduce costs, and enhance service delivery. Lawhive claims that its technology can lower customer costs by as much as 50%, while also speeding up lawyers' response times, enabling them to handle more clients. #unitedkindom #london #europe #lawhive #startup #funding #legal #tech #ai https://lnkd.in/gQt_WqrW

Congratulations to our portfolio company, Lawhive on their $40M Series A funding round, co-led by GV (Google Ventures) and TQ Ventures! Started in the UK, Lawhive is now making a big move to the US targetting a whopping $1 trillion market. Founded by Pierre Proner, Jaime V. and Flinn Dolman, Lawhive is transforming how small law firms operate (how? More details in TechCrunch’s article). Interestingly, its AI, named ‘Lawrence,’ has passed part one of the Solicitors Qualifying Examination (SQE)! #VC #LegalTech #AI #seriesA

A recurring theme from the LawtechUK panel discussion earlier this week with legal tech investors, buyers, and builders. It’s not just your buyers that need to understand the problem you solve to, it's also potential investors. Georgie from PROfounders Capital shared that to qyalify any investment, they first have to understand the problem a start-up aims to solve. Harveer from QVentures said that they actively engage potential legal buyers to validate the scope of this problem and the need to address it before investing. Kim from Law 365 and Cloud Contracts 365 shared that ROI is the key in scaling a legal tech proposition / making buying decisions for procurement of legal tech. 1. Get your problem statement right. 2. Clearly define who experiences that problem. 3. Know the value you will create by solving it. We are 💯 singing from the same hymn sheet. This isn't about creating a marketing spin, these are some of the fundamental of launching a legal tech company. Make sure you lay these critical foundations before pouring precious resources away. Better still - do it before you take the risk of leaving your role as a lawyer to build a solution to a non-existent problem. I’m Alex, founder of Legal Tech Collective Collective. We help: 👫→ ⚖️ Smart people with great ideas build companies that transform the legal industry 💡→ 📈 Companies to validate product ideas, acquire their first clients, and grow through the first millions in revenue 📈 → 🌎 Legal tech scale-ups to grow into new markets and verticals #legaltech #legaltechnology #startup

Introducing Darrow - the Israeli #legaltech company fighting for frictionless justice. With an incredibly impactful mission, it is not a surprise that the company has succeeded in becoming the dynamic startup we know today. Dive into the details of their ongoing innovation and leadership in the legal tech sector 🚀 Read this article - written by Ludivine SELLEM to learn more about #DARROW’s inspiring journey and how it has reshaped the landscape of justice in the pursuit of a fairer world ⚖️   #FrictionlessJustice #StartupSuccess #InnovationForJustice #israelitech 🌐

What do you do when you work with great people building great things for great law firms? Take a selfie of course. Vicky, Mike and I had the pleasure of attending an event organised by London & Partners last week. It was an “ask me anything opportunity” for startups looking to work with firms like Linklaters, Taylor Wessing and Oury Clark. Greg B., Mark Barron and Nick Abrahams Harrison shared some great insights supported by Kris Sales and Gerard on things like: - The best way to approach the respective firms - Must have's, nice to have's and not required of doing business with the firms - What to do and not to do to get the attention of the firm If you’re an emerging legal tech startup didn't get a chance to attend but interested in answering these questions, please get in touch. I’m Alex, founder of Legal Tech Collective. We help: 👫→ ⚖️ Smart people with great ideas build companies that transform the legal industry 💡→ 📈 Companies to validate product ideas, acquire their first clients, and grow through the first millions in revenue 📈 → 🌎 Legal tech scale-ups to grow into new markets and verticals #legaltech #legaltechnology #lawtech #startup

London legal tech week - take 2! At the first of the many legal tech events taking place this week. LawtechUK investment event - happening now! London & Partners - grow London, this evening at 5pm LegalGeek - (in case you didn't know) - Wednesday and Thursday Any I’ve missed? If you're in London this week, drop me a message. I’m Alex, founder of Legal Tech Collective Collective. We help: 👫→ ⚖️ Smart people with great ideas build companies that transform the legal industry 💡→ 📈 Companies to validate product ideas, acquire their first clients, and grow through the first millions in revenue 📈 → 🌎 Legal tech scale-ups to grow into new markets and verticals #legaltech #legaltechnology #startup

Since starting LexiTech earlier this year, the law firms that I've met with were well-aware of the number 1 risk to stable startup legal tools: acquisition. We now have our first case in point in that tight window: Henchman.io is acquired by LexisNexis. Hong Kong has been trailing behind in the adoption of AI legal tools, but this recent acquisition offers a wake-up call. Despite the hesitation to embrace smaller, innovative tools, this move emphasizes their long-term viability and value. For Hong Kong law firms, leveraging tools from stable, funded startups SOONER rather than later can lead to measurable advantages, including more competitive pricing and access to cutting-edge technology before they get acquired by major players. The window for thorough due diligence and adoption is tight in this rapidly developing environment.