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Image Credits:Lawhive team (L-R) Jaime van Oers, Pierre Proner and Flinn Dolman 2024
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Image Credits:Lawhive team (L-R) Jaime van Oers, Pierre Proner and Flinn Dolman 2024
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U.K.-based sound technical school startupLawhive , which allows small , “ Main Street ” law firm to work their involvement through an AI - establish SaaS chopine , is on something of a bust . In April itraisedan $ 11.9 million ejaculate round . It ’s now raised $ 40 million in Series A support to expand in the U.S.
The round was co - led by existing investor GV ( Google Ventures ) and TQ Ventures .
Founded in 2019 by Pierre Proner ( CEO ) , Jaime Van Oers ( CTO ) , and Flinn Dolman , Lawhive automate a sight of the toilsome lifting for consumer lawyers , speed up their response times , allowing them to process more customers , and , it claims , reducing costs by up to 50 % .
To date , most sound tech inauguration centralise on “ Big Law ” firms . These include Harvey , Robin AI , and Spellbook . Most have avoided “ main street ” law house , which have far small budget and are harder to monetise . Proner told TechCrunch that low business firm have to “ manage high cost amid a quail market , ” making them a ripe marketplace .
Proner added : “ I ’m certain we ’ll see competition emerge [ in the U.S. ] , but as of right now we ’re first public mover in this outer space . ”
When asked what moved the needle for GV , which has lately been more colligate with cryptical tech investment , he articulate : “ I think the fact that we combine a consumer stain with inscrutable tech , and the abstruse technical school view of what we ’re build up is our AI lawyer and the model , our proprietary models , that we ’ve build to deploy that . The interest was in combine aspect of a consumer brand , build a world-wide consumer blade , with R&D and a deep technical school function , which is key to the progress that we ’ve been able to make . ”
Lawhive tell its AI , nominate “ Lawrence , ” has passed part one of the Solicitors Qualifying Examination ( SQE ) . Lawyers can also apply the platform to sour with their own client or be matched with consumer and small businesses through the Lawhive marketplace .
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In a argument , Schuster Tanger , carbon monoxide gas - founding father and co - managing partner at TQ Ventures , add : “ The US legal mart , arguably the great in the earthly concern , is good for disruption . The adjure need for low-cost legal approach make it the perfect environment for innovational tech solutions like Lawhive ’s . ”
Also participating in the round of golf were Balderton Capital , Jigsaw , Episode 1 , and Premier League footballers Harry Maguire and Reece James .
