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Legl raises £14.5m for law firm digitisation platform

Legl

Legl, a startup providing software as a service for law firms, has closed an $18m (£14.5m) Series B funding round led by existing investor Octopus Ventures.

Founded in 2019, Legl works with law firms looking to digitise the workflow processes and automate certain areas including client onboarding, payments and compliance.

The new funds will go towards the London-based startup’s goal of international expansion, with a particular focus on markets connected to the company’s UK client base.

“There is a global opportunity for law firms to run their businesses in a more modern, efficient, revenue-driving and client-friendly way. We are working with our client base to start expanding out to their international offices which lie across multiple different geographies,” said Legl founder and CEO, Julia Salasky.

“With the new funding, we will expand our workflow-driven approach to managing business operations and in particular focus on how law firms can drive faster revenue, better and de-risked financial management and a better client experience.

“We already enable law firms to manage a large proportion of their client base and payment stack and plan to drive more capabilities for more firms over the coming months.”

Salasky has not disclosed Legl’s latest valuation following the Series B but has said it was not a down round.

Malcolm Ferguson, an investor at Octopus Ventures said: “The company has grown really strongly over the last 12 months and is positioning itself to become the go-to solution for law firms looking to modernise and automate their non-core work.”

The latest funding comes just over a year after the company’s Series A, which saw the firm raise $7m (£5.6m) in a funding round once again led by Octopus Ventures.

Other participants in the previous round include 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).