25 Disruptive LegalTech Startups

by Josh Howarth - March 22, 2022

You may also like:

The rise of technology has made a lasting impact on the legal industry as a whole.

In fact, the LegalTech market is expected to reach $25.18B in 2025.

According to Gartner, legal departments will increase their spend on legal technology by more than 200% by 2025.

This list presents 25 LegalTech startups that are accelerating the growth of this sector.

1. Lexly

5-year search growth: 3100%

Search growth status: Regular

Year founded: 2004

Location: Stockholm, Sweden

Funding: $31M (Series Unknown)

What they do: Lexly offers access to expert digital legal services. The company saw 39.75% revenue growth and reported yearly revenue of approximately $3M.

2. Evisort

5-year search growth: 1900%

Search growth status: Exploding

Year founded: 2016

Location: San Mateo, California

Funding: $55.6M (Series B)

What they do: Evisort is an intelligent contract management tool. It uses AI to review contracts, making the process of finding compliance problems and other risks more streamlined. The company is funded by 9 investors, with Microsoft’s Venture Fund being one of their most notable investors.

3. Septeo

5-year search growth: 1011%

Search growth status: Exploding

Year founded: 1988

Location: Pérols, France

Funding: Undisclosed (Private Equity)

What they do: Septeo provides infrastructure management, ERP, cloud services and digital communication services for the legal sector. The company serves over 30,000 legal firms with more than 130,000 users across the US, France, Belgium and Canada.

4. CloudLex

5-year search growth: 282%

Search growth status: Regular

Year founded: 2015

Location: New York, New York

Funding: $7.7M (Private Equity)

What they do: CloudLex is a cloud-based litigation platform offering paralegal support for injury law firms. The platform offers matter manager, intake manager, referral engine, referral exchange and digital archiving services. CloudLex has handled over 10M pleadings and legal documents.

5. PDFTron

5-year search growth: 173%

Search growth status: Regular

Year founded: 1998

Location: British Columbia, Canada

Funding: $71M (Private Equity)

What they do: PDFTron is a digital document management tool. The platform also offers data extraction and redaction capabilities that are used by legal offices. PDFTron serves over 1000 entities across 50 countries.

6. Libryo

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2016

Location: London, England

Funding: $4.9M (Convertible Note)

What they do: Libryo is a digital risk & compliance platform that filters and tracks compliance laws applicable to specific tasks and locations. The tool has over 15,000 registered users and tracks over 13,000 compliance laws across 79 countries.

7. Legatics

5-year search growth: 6000%

Search growth status: Regular

Year founded: 2015

Location: London, England

Funding: $4.2M (Series A)

What they do: Legatics is a platform that automates legal transaction processes. It also provides a real-time deal progress status allowing all parties involved in a transaction to see their deal progress. The startup is funded by 5 investors over 8 funding rounds.

8. Luminance

5-year search growth: 25%

Search growth status: Exploding

Year founded: 2015

Location: Cambridge, United Kingdom

Funding: $23M (Non-Equity Assistance)

What they do: Luminance uses AI to scan and analyze legal documents and legal databases. According to Luminance, their tool has helped customers save up to 90% of their time spent on contract review.

9. Opus 2 International

5-year search growth: 20%

Search growth status: Peaked

Year founded: 2008

Location: London, England

Funding: Undisclosed (Private Equity)

What they do: Opus 2 International operates cloud-based litigation and court reporting tool that allows legal firms to simplify their legal proceedings. The tool also handles secure collaboration during each step of a litigation process. This year, the startup won the Excellence in Litigation and Data Science and Legal Innovation awards.

10. SnapDragon

5-year search growth: 66%

Search growth status: Regular

Year founded: 2015

Location: Edinburgh, United Kingdom

Funding: $1.7M (Series Unknown)

What they do: SnapDragon is a monitoring platform that detects and fights counterfeits and brand infringements. The startup won The Queen’s Award for Enterprise: Innovation 2020.

11. Signaturit

5-year search growth: 385%

Search growth status: Exploding

Year founded: 2013

Location: Barcelona, Spain

Funding: $11.7M (Series A)

What they do: Signaturit is an electronic signature cloud-based tool. Signaturit’s software facilitates the entire document signature process and guarantees the legal security of all documents. Signaturit reports a yearly revenue of approximately $2.5M, representing a 220.67% YoY increase.

12. Legal Lens

5-year search growth: 140%

Search growth status: Exploding

Year founded: 2020

Location: Cape Town, South Africa

Funding: Undisclosed (Seed)

What they do: Legal Lens is a spend-management solution that scans legal invoices and analyzes them to find bill-reducing opportunities. The company claims that they can help reduce legal fees by up to 60%.

13. Uptrust

5-year search growth: 1300%

Search growth status: Regular

Year founded: 2015

Location: San Francisco, California

Funding: $3.6M (Seed)

What they do: Uptrust is a mobile application that is designed to streamline the entire court and arbitration process. The application allows for direct communication between legal parties, counseling, scheduling, etc. According to Uptrust, their application has helped over 150,000 people avoid jail time.

14. Legitquest

5-year search growth: 4900%

Search growth status: Regular

Year founded: 2017

Location: New Delhi, India

Funding: $1.1M (Non-Equity Assistance)

What they do: Legitquest is a legal search engine. The company has developed a legal database powered by AI that gathers legal information across the web. It then aggregates that information and allows customers to use their search engine for easier access to that information. Their search engine allows for access to over 50 million pages of case laws.

15. Clearbrief

5-year search growth: 6000%

Search growth status: Regular

Year founded: 2020

Location: Seattle, Washington

Funding: $4.7M (Seed)

What they do: Clearbrief is a language processing software that uses AI to analyze legal text and show how it is structured and by what evidence it is backed. This makes it easier for lawyers and judges to structure and read their statements. The startup is funded by 11 angel (individual) investors.

16. Icertis

5-year search growth: 182%

Search growth status: Exploding

Year founded: 2009

Location: Bellevue, Washington

Funding: $371M (Series Unknown)

What they do: Icertis operates a contract-management tool. It uses AI to analyze contracts and provide reports on a contract’s risk, compliance and governance. Icertis was recognized as an industry leader by the 2021 Gartner Magic Quadrant.

17. ClauseMatch

5-year search growth: 70%

Search growth status: Peaked

Year founded: 2012

Location: London, England

Funding: $9.3M (Non-Equity Assistance)

What they do: ClauseMatch provides a platform designed to make regulatory change management more efficient. It automates repetitive tasks and organizes data, making policy implementation faster. ClauseMatch has an estimated yearly revenue of $6M.

18. Contractbook

5-year search growth: 1166%

Search growth status: Regular

Year founded: 2016

Location: Copenhagen, Denmark

Funding: $43.3M (Series B)

What they do: Contractbook operates a contract management tool that supports the entire contract creation workflow. It allows for contract drafting, editing and collaborating, signing, storing and executing. Contractbook is funded by 7 investors, with Gradient Ventures being their most notable investor.

19. LegalForce

5-year search growth: 1433%

Search growth status: Exploding

Year founded: 2005

Location: Mountain View, California

Funding: Undisclosed 

What they do: LegalForce is a search engine for trademarks that also allows for digital trademark filing and registering. The startup has over 100,000 customers and allows for digital trademark filing in 170 countries.

20. Legal Pigeon

5-year search growth: -1%

Search growth status: Regular

Year founded: 2019

Location: Barcelona, Spain

Funding: $220.5K (Seed)

What they do: Legal Pigeon is a lawyer marketplace intended to enable users to quickly hire a replacement lawyer. Legal Pigeon has an estimated yearly revenue of approximately $600K.

21. Amberlo

5-year search growth: 833%

Search growth status: Exploding

Year founded: 2017

Location: Kaunas, Lithuania 

Funding: $1.6M (Seed)

What they do: Amberlo is a tool intended to help law firms onboard new clients, log working hours, assign bills and email clients. They offer three subscription plans, starting from 25 Euro per seat per month to 55 Euro per seat per month.

22. Leegality

5-year search growth: 1520%

Search growth status: Regular

Year founded: 2016

Location: New Delhi, India

Funding: Undisclosed (Angel)

What they do: Leegality is a platform that digitizes document workflow. Additionally, the platform incorporates eStamps, eSign and contracting & compliance capabilities that help in legal document processing. Currently, the startup serves over 850 Indian companies.

23. SprintLaw

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2016

Location: New South Wales, Australia

Funding: $2.2M (Angel)

What they do: SprintLaw is a cloud-based legal management platform. It allows users to automate legal tasks without the need for on-premise servers. The company has worked with over 10,000 Australian businesses to date.

24. Pridatect

5-year search growth: 0%

Search growth status: Peaked

Year founded: 2017

Location: Barcelona, Spain

Funding: $3.7M (Series Unknown)

What they do: Pridatect is a legal SaaS platform providing GDPR compliance services by automating data gathering and analysis, providing risk assessments and creating GDPR compliant documents. The company has 4 offices across Europe serving over 10,000 customers.

25. OneFlow

5-year search growth: 426%

Search growth status: Exploding

Year founded: 2012

Location: Stockholm, Sweden

Funding: $5.6M (Angel)

What they do: OneFlow is a digital tool streamlining the entire contract creation process. It handles contract creation, negotiation and signing. The startup has helped develop over 3.5M contracts.

Conclusion

This concludes our list of growing LegalTech startups.

Startups in this space are using modern tools, such as cloud systems and AI to make access to high-quality legal technology easier.

As can be seen from our list, growth in this space is supported by AI, smart contract management, compliance management and workflow automation.

Written By
Josh Howarth
Co-founder of Exploding Topics.
548 Market St. Suite 95149
San Francisco, California
privacyterms
© 2022  Exploding Topics