{"id":44307,"date":"2019-06-17T00:00:00","date_gmt":"2019-06-16T22:00:00","guid":{"rendered":"https:\/\/techma.bakertilly.es\/ultimas-rondas-en-empresas-legaltech\/"},"modified":"2025-03-12T11:48:24","modified_gmt":"2025-03-12T10:48:24","slug":"ultimas-rondas-en-empresas-legaltech","status":"publish","type":"post","link":"https:\/\/techma.bakertilly.es\/en\/ultimas-rondas-en-empresas-legaltech\/","title":{"rendered":"Latest rounds in LegalTech companies"},"content":{"rendered":"

Next, we look at the legalTech sector, where a number of financing rounds have taken place in companies such as SimpleLegal<\/a>Leverton or Avvo.<\/p>\n

The legal sector is full of cumbersome, simple and mechanistic processes that do not add value. Although it is true that the experience and argumentation skills of lawyers are a differential factor in trials, the number of applications that try to facilitate judicial processes, taking on laborious tasks with little added value or providing legal knowledge to people with a lack of legal knowledge, is growing all the time.<\/p>\n

<\/span>LegalTech Statistics<\/span><\/h2>\n

According to the latest study carried out by Expansi\u00f3n, in Spain, \"The 80% of lawyers suffer from stress and don't even get six hours of sleep\".<\/a>. But this is a situation that seems to be recurrent in almost all European countries, according to the latest statistics presented.<\/p>\n

This is a reality that the LegalTech sector is taking advantage of to facilitate processes, reduce costs and streamline procedures by including technology in a sector as traditional as the legal sector.<\/p>\n

Within this sector, we have picked up several relevant operations:<\/p>\n

<\/span>SimpleLegal<\/strong><\/span><\/h2>\n

SimpleLegal<\/a> is an American start-up dedicated to the creation and updating of legal content<\/strong>He advises on how to take legal action in everyday situations. He also assists as a personal assistant with problems that may arise on a day-to-day basis within the company.<\/p>\n

Thanks to its simplicity and applicability, this company has been able to raise $10M by the venture capital fund Emergence, thus helping the creation of new services and their expansion to medium-sized companies.<\/p>\n

<\/span>Leverton<\/strong><\/span><\/h2>\n

Leverton <\/a>is a German company that uses Artificial Intelligence to extract data from contracts and analyse it.<\/strong>The company's services, helping to facilitate the accounting and taxation processes and avoiding litigation by complying with the law in a simple way.<\/p>\n

In addition, the platform is available in 25 countries, adapting to the legislation in force in each of them and allowing its use in parent companies with different tax regulations.<\/p>\n

Because it has been able to secure large clients, including 200 of the Fortune 1000, the company has been able to raise \u20ac10M in the last capital increase<\/a>This has enabled the adaptability of the business to new territories.<\/p>\n

<\/span>Avvo<\/strong><\/span><\/h2>\n

This American firm aims to be a reference platform, precisely in the United States, and it has been the initiator of a directory where users can post legal questions and expert lawyers can answer them.<\/strong>This will help to bring justice closer to citizens and reduce the costs of legal consultations.<\/p>\n

In addition, Avvo functions as a social network, where you can search for the recruitment of lawyers specialising in each area, where you can rate their services and allow new lawyers to promote themselves to society.<\/p>\n

The scalability of the business and the intermediation capacity have been key to the platform's success. The company has been able to raise $71.5M in mid-2018 for the funding of new marketing campaigns to enable the company to grow in number of users.<\/p>","protected":false},"excerpt":{"rendered":"

Next, we look at the legalTech sector, where a number of financing rounds have taken place in companies such as SimpleLegal, Leverton and Avvo.<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1750],"tags":[155,153,157],"sectores":[],"tipo-contenido":[2260,2261],"class_list":["post-44307","post","type-post","status-publish","format-standard","hentry","category-financiacion-sectorial","tag-corporate-finance-spain","tag-global-corporate-finance","tag-venta-de-empresas","tipo-contenido-noticias","tipo-contenido-tendencias"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/44307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/comments?post=44307"}],"version-history":[{"count":0,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/44307\/revisions"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=44307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/categories?post=44307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=44307"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=44307"},{"taxonomy":"tipo-contenido","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tipo-contenido?post=44307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}