LegalTech Startups are one of the newest and emerging fields in the startup sector and ideally so because they offer everyone around them indispensable flexibility in carrying out their legal obligations.
The LegalTech field is disrupting the traditional legal industry by giving clients easy access to legal services in consort with offering its employees to work in a fresh, less harrowing and motivational environment.
The USA, being one of the most developed countries also has an advanced legaltech ecosystem with almost 1000 startups registered in this field.
We bring before you the Top 10 LegalTech Startups of the USA:
1. Apttus
Founder: Kirk Krappe
Founding Year: 2006
Headquarters: San Francisco
Funding Received: US$ 404M
Investors: Golub Capital, PremjiInvest, Gulf Islamic Investments, Kuwait Investment Authority, Salesforce Ventures, K1 Investment Management, IBM Ventures, K1 Speed, ICONIQ Capital, IBM.
Apttus is a B2B software provider specializing in Contract Management, Revenue Management and E-commerce. Its management software removes the need for lawyers to be involved at every stage of a company’s sales process and contracts. It uses the world’s most trusted and secure cloud platform, Salesforce Platform.
The startup’s Quote-to-Cash solutions helps increase sales and take full advantage of visibility and control. Furthermore, its patent pending X-Author technology enables Microsoft Office to be a UI (user interface) with full contact and control between Salesforce and Microsoft Office.
Apttus had acquired Conga, Denver-based SaaS (Software-as-a-Startup) on May 7, 2020.
2. DISCO
Founders: Gabe Krambs, Kent Radford and Kiwi Camara.
Founding Year: 2012
Headquarters: Austin, Texas
Funding Received: US$ 133.6M
Investors: LiverOak Venture Partners, Bessemer Venture Partners, Stephens Group, Georgian Partners, Comerica Incorporated.
DISCO is a legaltech startup that utilizes artificial intelligence and cloud computing to help lawyers and legal teams improve legal results for their patrons. Corporate legal sectors, law firms, and government agencies worldwide use the startup’s platform as an e-discovery solution for agreements, disputes, researches and inquiries. DISCO is transforming legal technology to automate and streamline complex and error-susceptible tasks that distract one from practicing law sincerely.
3. Relativity
Founder: Andrew Sieja
Founding Year: 2001
Headquarters: Chicago
Funding Received: US$ 125M
Investors: ICONIQ Capital (2015 Venture round)
Relativity offers an e-discovery platform that manages huge volumes of data and recognizes key problems during litigation, investigations, and compliance. It is used by lawyers to store, index and hunt multiple documents, automate contract review, due diligence and regulatory work. Its platform is used by almost all the 200 biggest US law firms.
It consists of over 160K active users in 40+ nations from organizations like the U.S. Department of Justice, more than 70 Fortune 100 companies, and 199 of the Am Law 200. It also empowers developers to design, build and fit in applications that extend its capabilities. The LegalTech startup has featured as one of Chicago’s Top Workplaces by the Chicago Tribune for seven consecutive years.
4. Everlaw
Founders: AJ Shankar and Jeffrey Friedman
Founding Year: 2010
Headquarters: Oakland
Funding Received: US$ 96.6M
Investors: K9 Ventures, CapitalG, Andreessen Horowitz, Menlo Ventures, Ulu Ventures.
Everlaw provides a platform to law firms, government, and corporations for document analysis. With the help of its platform, lawyers can also work together to build arguments for litigation cases.
Significant features of its platform include search competences, a prediction engine that brings up appropriate documents and a context panel where users can see related documents grouped together.
Everlaw allows documents to be rated by its users and also tracks these ratings. The system foresees which other documents users would rate highly and shows those documents first. Users are also able to create their own prediction models based on explicit codes and categories.
5. Notarize
Founders: Adam Pase and Pat Kinsel
Founding Year: 2015
Headquarters: Boston, Massachusetts
Funding Received: US$ 83.3M
Investors: Polaris Partners, Second Century Ventures, Ludlow Ventures, REACH, Flight Ventures, Wayne Chang, Fifth Wall, Camber Creek, Jeff Seibert, Lennar Corporation, Realogy Holdings.
Notarize runs an online notary public service that helps users get connected with a custom-made online eNotary provider. Clients are able to complete the entire notarization process done online remotely.
The startup also has Notarize for business, a platform for administrations and developers to gather notarized documents; and Notarize for Mortgage, a platform that digitizes the concluding process with technology to manage lenders, title companies, and borrowers online.
Notarize was earlier known as 16 Pins.
6. Mark43
Founders: Flo Mayr, Matt Polega and Scott Crouch
Founding Year: 2012
Headquarters: New York
Funding Received: US$ 77.8M
Investors: SV Angel, Goldman Sachs, General Catalyst, Spark Capital, Lowercase Capital, Innovation Endeavors, Sound Ventures, Urban Us, Rough Draft Ventures, Bezos Expeditions, Breyer Capital, Grape Arbor VC, Launchpad LA, Amplo, Govtech Fund, Harvard University, David Petraeus, Sophia Bush, Sheel Tyle, Thomas Eisenmann.
Mark43 builds the latest law enforcement software that helps police to effortlessly gather, manage, study, and share information. Its software delivers cloud-first technology and data-driven understandings relating to public safety. The startup’s aim is to embolden societies and their governments with new know-hows that improve the safety and quality of life for everyone.
7. Atrium LTS
Founders: Augie Rakow, Bebe Chueh, Chris Smoak and Justin Kan
Founding Year: 2017
Headquarters: San Francisco
Funding Received: US$ 75.5M
Investors: Sound Ventures, Y Combinator, Andreessen Horowitz, Socii Capital, Brainchild Holdings, Caffeinated Capital, Argonautic Ventures, GGV Capital, Thrive Capital, Arena Ventures, S2 Capital, Early Impact Ventures, New Enterprise Associates, Jackson Square Ventures, Slow Ventures, SV Angel, Greylock, Binary Capital, 500 Startups, Liquid 2 Ventures, Palapa Ventures, Soma Capital, Tekton Ventures, BEENEXT, BoxGroup, Oriza Ventures, Struck Capital, First Round Capital, Palm Drive Capital, Signia Venture Partners, Human Capital, Initialized Capital, Kindred Ventures, DCM Ventures, Founders Fund, General Catalyst, Balance Ventures and 63 other angel investors.
Atrium provides solutions and services that help automate legal functions, transform new processes, and help firms recognize new clients. Its services increase the productivity of legal organizations by increasing communication and workflow speed. The startup also partners with lawyers to further develop and enhance its products.
8. Evisort
Founders: Amine Anoun, Jake Sussman and Jerry Ting
Founding Year: 2016
Headquarters: San Francisco
Funding Received: US$ 20.6M
Investors: Serra Ventures, M12, Vertex US, Amity Ventures, Village Global.
Founded out of Harvard Law and MIT, Evisort is a cloud-driven contract examination platform that uses artificial intelligence and automation for legal document management. Its AI algorithms understand the meaning and context of legal contracts, virtually removing the need to read them. Its services help clients organize, comprehend, and extract data from their contracts.
With Evisort, information hidden deep within documents become searchable, and important terms can be identified to be given to the right people at the right time. Also helps companies in reducing costs and improving their agreement and business maneuvers.
9. Court Buddy
Founders: James Jones Jr and Kristina Jones
Founding Year: 2016
Headquarters: San Francisco
Funding Received: US$ 7.3M
Investors: 500 Startups, Lightspeed Venture Partners, First Round Capital, Kapor Capital, NFX, UpHonest Capital, XFactor Ventures, GingerBread Capital, VU Venture Partners, Venture University, LDR Ventures, Julie McDermott, Equipo Ventures, Monique Woodard, Women Angels, Libra Group, Damien Benjamin.
Court Buddy is a LegalTech startup that enables clients to get connected with vetted solo attorneys. The selection is done entirely based on the client’s budget so that they can access their legal services at reasonable rates. Upon getting matched with the attorney, clients can immediately message, video chat, or call them using the ‘CourtBuddy Chat’ app. They can also do payments to attorneys for the legal services through ‘CB Direct Pay’.
Court buddy has been the winner of the 2017 American Bar Association’s Legal Access Award, President Obama and Shark Tank’s Daymond John’s American Entrepreneurship Award and recognized as the “Priceline For Legal Services” by the Huffington Post.
10. CrowdJustice
Founder: Julia Salasky
Founding Year: 2015
Headquarters: Brooklyn, New York
Funding Received: US$ 2M
Investors: Kindred Capital, Bessemer Venture Partners, Venrock, Bela Hatvany, Jonathon McKay, First Round Capital.
CrowdJustice is a leading online fundraising platform specifically designed to help communities take legal action against any wrongdoings or offenses they collectively face. It enables them to come together to access the courts to protect their communal properties, like their local hospital, church, school or shared values like human rights.
The pages on its platform are optimized to collect as many pledges as possible. Millions of pounds have already been raised through CrowdJustice to finance numerous kinds of legal action.
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