• Legaltech’s investors include leading Silicon Valley legal and technology innovators, including Microsoft and Gilead Sciences
  • Creates a consultation panel to help scale and seize opportunities

London, United Kingdom – May 12, 2022 – Today, specialist in legal technology LawAdvisor Ventures has announced that it has secured an investment of $ 5 million in its enterprise portfolio in the primary round involving some of the most influential thinkers in the legal industry. Capital infusions include investments from Ralph Baxter (former chairman and CEO of Orrick), Ben Davy (former CEO of Barclays Ventures), as well as executives of Microsoft and Gilead, will also help expand the team and take advantage of opportunities to revolutionize legal practice through technology.

Early last year LawAdvisor has launched two groundbreaking new software solutions as a service (SaaS). for the legal profession, LegalEye and Fibonacci. These solutions, developed by a steering group of leading legal groups, are designed to transform how law firms work with corporate internal legal departments, and ways to manage legal issues. Both use technology to improve cooperation and communication between lawyers and other stakeholders during legal proceedings to increase productivity and maximize the time lawyers spend on litigation rather than administrative tasks.

Developed by remote teams and launched in the midst of a coronavirus pandemic, LegalEye and Fibonacci are already gaining significant market drive – the company earns annual license revenue in excess of $ 2 million since its release, and early multinational customers including Bird & Bird, Simmons & Simmons, Paul Hastings, Clifford Chance, Shearman & Sterling and Barclays.

As a result of this early drive, LawAdvisor has opened a round of strategic investments to accelerate efforts to use its technology to address real-world challenges facing the legal profession.

Ralph Baxter, who, after stepping down as chairman and CEO of Orrick, has worked with a number of successful legal technology companies on the boards of Intapp, Lex Machina and LegalZoom, believes that LawAdvisor is able to change the way lawyers work with clients. Commenting on the investment, Baxter said: “We are at a turning point for legal technology. To make a difference, law firm companies need to understand the painful moments faced by lawyers and their clients, as well as the fashion solutions that address them meaningfully; LawAdvisor is doing just that, making it an exceptional new contribution to the legal services ecosystem. Led by a great team, LawAdvisor can change the way it provides legal services for the benefit of all. I am happy to help the team achieve these goals. “

Gary Tally, Head of Legal Operations at Gilead Silences and whose team won the Corporate Counsel’s Best Legal Team of 2021 nomination – speaking of the success of LawAdvisor’s digital tools – noted that “the fastest and fastest pace of change faced by today’s legal departments that have created new challenges require a new age of thinking. LawAdvisor solves these problems with its highly innovative tools. Tools that offer organizations the opportunity to achieve operational excellence.

Investors in the seed round include some of the world’s most respected and renowned legal and technological minds:

  • Ralph Baxter is a former chairman and CEO of Orrick, founder of the Law Firm Leaders Forum and named one of the “50 Greatest Law Innovators in 50 Years” by an American lawyer.
  • Jason Barnwell is General Manager and Deputy General Counsel at Microsoft
  • Ben Davy – CSO Azerion Group NV. He was previously the Chief Investment Officer of EFIC1 and a former CEO and Founder of Barclays Ventures.
  • Gary Tally is Head of Legal Operations at Gilead Sciences (winner of the Corporate Counsel nomination in the 2021 LegalOps category)
  • Lars Rasmussen is the founder of Google Maps and a former Facebook engineering director

Investors will also form a new advisory group to help LawAdvisor further develop its technology, especially amid the legal transaction revolution, achieve its growth goals and take advantage of significant opportunities to transform how the law is used for the benefit of all parties, from small legal teams to a multinational law firm. The advisory group is joined by Steve Albrecht, Barclays Execution Services Chief Legal Adviser, Christopher Grant, LawTech UK Consultant and Member, Stephanie Hamon, Head of Legal Operations Consulting, Norton Rose Fulbright, and David Kerr, former Bird CEO.

Ben Davy said: “The LawAdvisor team has created something that has tremendous potential to transform the legal profession. In an industry that has traditionally been reluctant to adopt new technologies and ways of working, a collaborative approach to developing solutions to the industry’s most complex problems has led the team to create something that can become industry standards in a short amount of time. Combined with the results that LawAdvisor customers see using the technology, and it’s easy to admire where this business is headed. The caliber of investors and advisors who have joined me in supporting this venture is a testament to how transformative it can be. I look forward to participating in this journey as LawAdvisor continues to go from strength to strength. ”

“We founded LawAdvisor to use technology to address some of the fundamental flaws in how the law was enforced and services rendered. Seeing these challenges first hand, we have brought in some of the leading legal teams around the world to develop solutions to these most pressing issues in collaboration with leading thinkers in the industry, ”said Brennan Ong, Founder and CEO of LawAdvisor Ventures. “Since the launch of LegalEye and Fibonacci this year, we have been shocked by the reaction of our first customers and the wider market. We now want to further develop our technology so that it can solve even more of the challenges facing modern lawyers and deploy it to more legal teams around the world. Our direct expertise in both technology and law, combined with our low-code approach, building blocks, has proven to have changed the game for legal teams. With the support of our investors and consultants, we can focus on expanding our team, improving our products and developing our business to fundamentally change the way we provide legal services. ”

LawAdvisors customers are strong supporters of the benefits of this technology, causing significant interest and demand from new customers and stimulating the company’s growth strategy. These new investments will be used not only to spread solutions to these new clients, but also to further improve the capabilities and microservices on the platforms to address the growing range of challenges facing the legal industry; ultimately by contributing to what lawyers do best, and allowing them to practice law as never before. .

For more information on LawAdvisor, visit: www.lawadvisor.ventures

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About LawAdvisor Ventures

LawAdvisor Ventures is a London-based law firm that develops solutions that deliver the efficiency and service delivery needed by law firms and law firms of all sizes to meet the ever-growing expectations of the businesses they serve.

The company, backed by Lars Rasmussen, co-founder of Google Maps and former Facebook engineering director, is currently working with the world’s major multinationals and leading law firms to radically change the work of lawyers and the provision of legal services.

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LawAdvisor Ventures secures £4.10 million Seed investment from investors including Ralph Baxter

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