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.
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.
But it’s worth it to do what you love doing. In association with LegalTech New York, Cardozo School of Law presents a day-long series of events on big data, information governance, and 3D printing on February 2, 2015.