Legl, a London-based B2B SaaS platform that’s aiming to revolutionise the way law firms work, has secured a $7 million (approx £ 5 million) funding in Series A round.
Who led the round?
The round was led by Octopus Ventures, with participation from existing investors Backed, Samaipata, and First Round Capital, and high profile angels including Carlos Gonzalez-Cadenas (ex CPO and COO GoCardless), Al Giles (ex CRO of legal business Axiom), and Hayden Brown (CEO of Upwork).
The funds will be used to expand the team and improve Legl’s product and customer base in the UK legal market, and start their international expansion.
Revolutionise the way law firms work
Founded in 2019 by former lawyer and legal tech entrepreneur Julia Salasky, Legl is a B2B SaaS platform enabling law firms to run their operations digitally – from streamlined onboarding, compliance, and payment tools to giving management critical business insights and their clients a service worthy of 2021.
At present, Legl is addressing the £35 billion UK legal services market and works with over 100 law firms – including over a dozen of the top 200. The UK company is on a mission to improve the way that legal services are delivered.
Claire Dunn, a partner at Woodfines LLP, noted: “Legl is saving at least 1 hour per transaction, and it’s reducing the overall time to complete a conveyancing transaction by 1-2 weeks.”
Julia Salasky, CEO and founder of Legl, said: “Most legal technology focuses on the practice of law. We’re focused on the operations of law – how do law firms, as unique, regulated businesses, run their business better and deliver a better client experience. We saw that there was a huge opportunity to improve client experience, onboarding, KYC, and payment in a streamlined, beautiful way that also delivers a lot of business insight to the firm. There’s a huge opportunity here to reduce the friction that happens for law firm clients and create a better business of law.”
Zoe Chambers, the early-stage investor at Octopus Ventures, said: “It’s rare to find a founder and team with such insider knowledge to tackle a big industry that has started to adopt technology quickly. Covid has accelerated the move to digital in the legal industry, and Julia and team, with deep expertise across legal, SaaS, and fintech, are in prime position to win the market.”
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