2 minute read | December.10.2024
UK legal tech startup Lawhive has raised $37.9 million in a Series A financing as it plans to expand to the U.S.
Orrick advised Lawhive in the round, co-led by GV (Google Ventures) and TQ Ventures. Orrick also represented Lawhive in a round several months ago that raised nearly $12 million.
Lawhive offers an AI-based SaaS platform for small, “Main Street” law firms.
Lawhive is an online legal platform that combines a tech platform with a regulated law firm enabling clients to work with lawyers for a fraction of the cost of a high-street law firm.
The company has assisted thousands of individuals with legal matters ranging from family and property disputes to consumer rights and small business issues.
Lawhive’s platform combines AI with human expertise to streamline legal processes, enabling lawyers to focus on legal work while reportedly reducing costs for clients by up to 50%, by automating administrative tasks.
Lawhive’s funding is instrumental to its expansion into the U.S. It hopes to address a gap in the market by providing accessible and affordable legal support.
“Lawhive is heading to the U.S.,” the company said. “We’re bringing our AI-powered platform to support main street lawyers and the staggering 80% of consumers whose needs aren’t being met.
“From faster workflows to serving more clients, we’re on a mission to help you tackle your legal needs as efficiently as possible.”
Schuster Tanger, Co-Founder/Co-Managing Partner at TQ Ventures, added: “The U.S. legal market, arguably the largest in the world, is ripe for disruption. The pressing need for affordable legal access makes it the perfect environment for innovative tech solutions like Lawhive’s.”
Orrick’s Shawn Atkinson led the team that advised Lawhive. The team included Stephen Tallon, Columbus Everett and Siddharth Balani.