The 25 Largest Legal Tech Investments of All Time

In reporting yesterday on the record-setting $900 million investment in law practice management company Clio, I included a list of the 10 largest previous investments in legal tech. It did not take long for me to learn that the list was incomplete.

So I set about trying to come up with a more accurate list. It is not easy, frankly, to compile this information. My hope is we can crowdsource this. If you know of deals I am missing, please let me know. And if you know of deals I have listed incorrectly, please also let me know that.

(Update: As I get updates that bump companies down the list in ranking, I’ll leave them on. That means the list will exceed 25.)

Here is what I have come up with:

Clio, $900 million, 2024, July 23, 2024.
LegalZoom, $500 million (secondary), July 31, 2018.
Clio, $250 million, 2019., Sept. 4, 2019.
Rocket Lawyer, $223 million, April 21, 2021.
Everlaw, $202 million, Oct. 22, 2021.
Onit, $200 million, Jan. 11, 2019.
Ontra, $200 million, Oct. 27, 2021.
Reveal-Brainspace, $200 million, Jan. 26, 2021.
Icertis, $150 million, Oct. 24, 2022.
Ironclad, $150 million, Jan. 18, 2022.
Hebbia, $130 million, July 8, 2024.
Notarize (Proof), $130 million, March 25, 2021.
Relativity (kCura), $125 million, Feb. 3, 2015.
ContractPodAI, $115 million, Sept. 30, 2021.
Clio, $110 million, April 27, 2021.
Filevine, $108 million, April 8, 2022.
LegalOn Technologies, $108.60 million (based on 2022 yen to dollar exchange rate), June 22, 2022.
Evisort, $100 million, May 11, 2022.
Exterro, $100 million, June 1, 2018.
Harvey, $100 million, July 23, 2024.
Ironclad, $100 million, Dec. 21, 2020.
LinkSquares, $100 million, April 4, 2022.
Litera, $100 million, Aug. 14, 2017.
SirionLabs, $85 million, May 10, 2022.
CS DISCO, $83 million, Jan. 24, 2019.
Harvey, $80 million, Dec. 19, 2023.

In compiling this list, I have omitted some companies that are “legal tech adjacent.” Most notably, I have omitted DocuSign, which some might argue is a legal tech company. Had I included it, it would have been on this list twice, for its $303.29 million raise on Oct. 30, 2015, and its $115 million raise on Oct. 27, 2024.

Two other legal tech adjacent companies I left off the list are Zenwork, which raised $163 million on Nov. 9, 2021, and Quantstamp, which raised $137 million on April 1, 2022.

I have Litera on the list for its 2017 $100 million investment. I also saw a report of a $204 million raise in 2022, but I have not been able to confirm that.

Like I said, if you know of others, please send them along.

Featured image by Pete Linforth from Pixabay.

Reach Out

Don’t hesitate to reach out to us to discuss your specific needs. Our team is ready and eager to provide you with tailored solutions that align with your firm’s goals and enhance your digital marketing efforts. We look forward to helping you grow your law practice online.

Our Services:

Blog Post Writing

We do well-researched, timely, and engaging blog posts that resonate with your clientele, positioning you as a thought leader in your domain. Content Writing: Beyond blogs, we delve into comprehensive content pieces like eBooks, whitepapers, and case studies, tailored to showcase your expertise.

Website Content Writing

First impressions matter. Our content ensures your website reflects the professionalism, dedication, and expertise you bring to the table.

Social Media Management

In today’s interconnected world, your online presence extends to social platforms. We help you navigate this terrain, ensuring your voice is consistently represented and heard.

WordPress Website Maintenance

Your digital office should be as polished and functional as your physical one. We ensure your WordPress site remains updated, secure, and user-friendly.

For more information, ad placements in our attorney blog network, article requests, social media management, or listings on our top 10 attorney sites, reach out to us at seoattorneyservices@gmail.com.

Warm regards,