Today legaltech startup Legl announces an approx. €5.8 million Series A round, which it will use to revolutionise the way law firms do business. 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).
Founded in 2019, 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.
Although only just over a year since launch, they are already working with over 100 law firms – including over a dozen of the top 200. Like other vertically integrated SaaS and payments solutions, Legl creates streamlined business operations in a unique industry with 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.”
Legl was founded by Julia Salasky, who previously founded CrowdJustice, an award-winning platform for crowdfunding legal matters that has funded some of the UK’s highest profile cases, prior to that was a lawyer at Linklaters and the United Nations. She is a winner of the FT’s Legal Innovator of the Year.
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, 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.”
The funds will go to expanding the team and enriching Legl’s product and customer base in the UK legal market, and to start their international expansion.