FinLegal offers a platform designed to manage class actions and large volumes of similar claims, enabling claimants to engage with lawyers more effectively while allowing law firms to automate processes and reduce operating costs. The platform uses automation and AI and the company states it can enable legal teams to handle up to six times more claims. Since launch in 2020 the platform has processed over two million claims and is used by leading claims firms such as Leigh Day (UK) and Maurice Blackburn (Australia), plus mid-market firms in the US. FinLegal was founded in 2019 by Steven Shinn and currently employs 25 staff, including three in its US office. Financially, the company more than doubled ARR to £1.8m in the year to April 2024 and increased total revenue to almost £3m. The business plans to further develop its product for a wider audience, accelerate international growth and create 26 new jobs.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2024