A very big day for LegalTech

LegalTech SaaS

There were two great-big announcements today in the world of LegalTech. In case you missed it, here’s the news:

1. UpCounsel, a marketplace for legal services, has pulled in $10 million in new funding to provide small businesses with attorneys at a fraction of the cost of a big law firm. [Full Article Here]

2. Just two weeks after the Seattle-based legal advice startup announced plans for a new downtown office, the company today closed a $71.5 million financing round led by Technology Crossover Ventures. Vulcan Capital and existing investor Coatue also participated in the round, which pushes total funding for the 8-year-old company to $132 million. Citing unnamed sources, Bloomberg News reports that the valuation on Avvo in the latest round stands at about $650 million.

[Full Article Here]

If you’re looking to break into LegalTech, these guys are hiring!

About Preston Clark

Preston Clark has been writing about legal tech since 2010. He's currently the CRO for a leading legal tech SaaS company in the San Francisco Bay Area. Preston was formerly in-house counsel for the University of Miami and a Peace Corps Volunteer in Central America. In his free time, Preston enjoys building world-class sales teams, reading about SaaS, playing pick-up basketball and planning adventures with his son.