The Venture Codex Logo

The Venture Codex

Legl

8-10 New Fetter Lane, London, EC4A 1AZ, United Kingdom

Overview

Legl provides a cloud SaaS platform that automates law firm processes such as client onboarding, payments, compliance and broader client lifecycle management. The company has positioned itself as a holistic platform for law firms to digitize manual workflows and improve cashflow, compliance and client experience. Founded in 2019 and based in London, Legl has grown its UK customer base from about 100 firms in March 2021 to 170+ today, including 20 of the Top 200 firms. The startup reports 3x revenue growth over the past year and 150% net revenue retention, indicating strong product stickiness. Legl plans to use new funding to kick off international expansion into markets where its UK clients have offices, and to invest in product development and hiring. The product roadmap emphasizes expanding workflow-driven operations, risk and compliance features, and improving firms' revenue and financial management capabilities. Legl provides a no-code workflow platform for law firms to automate onboarding, compliance checks and payments while surfacing client insights. The product targets back-office inefficiencies without intruding on billable hours, aiming to remove manual administrative work. Legl says customers report transaction times speeding up by one to two weeks and has around 100 UK-based law firm customers, including about a dozen of the top 200. The company emphasizes ease of use and consumerized UX to minimize retraining for law firms. Legl plans to use the new funding to expand its team, grow its UK user base and further develop the product. It is UK-only for now but is planning to start international expansion into English-speaking markets where some clients have offices.

Total raised
$25M
Funding rounds
2
Latest round
Series B
Latest activity
May 2022

Industries

  • Cloud Computing
  • Legal
  • SaaS
  • Software
Visit website

Recent funding

  1. Series B

    May 2022

    $18M

  2. Series A

    Mar 2021

    $7M

Team