Legl, the SaaS platform for modern law firm operations that drives compliant, workflow driven payments and automates legacy business processes, announced today that it has closed an $18 million Series B funding round. The fundraise was led by several technology investors, including existing investor Octopus Ventures.
Legl combines the automation of manual business processes for regulated law firms, like compliance, risk, onboarding and payment, with a lightweight CRM and flexible, no-code workflows. It enables law firms to better manage cash flow and mitigate risk, through better understanding client data and managing the entire client lifecycle.
In a little over 2 years since launch, Legl has partnered with over 170 law firm customers, including 20 of the Top 200 firms in the UK, to drive more revenue faster, reduce risk and improve client experience. It is founder Julia Salasky’s second startup in the legal space; she previously founded CrowdJustice, the leading access to justice funding platform in the UK.
Legl will use the funds to drive product expansion and development, scale the team and grow into other markets.
Julia Salasky, founder and CEO, said, “By focusing on the business processes of law firms, which are complex, regulated businesses, Legl is able to enable law firms to focus on what they do best – law. From compliance to payment, risk to finance, Legl allows law firms to drive efficiencies and revenue, but also a unified view of their client base and a better client experience. We’re thrilled to close this funding round which, alongside our brilliant investors and their expertise, networks and understanding of the market, will drive growth and impact for us and for our clients.”
Malcolm Ferguson, Investor at Octopus Ventures, said: “We’re delighted to continue to support Julia and the team on their mission to free up lawyers’ time so they focus on creating value for their clients. 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. Not only does this improve a law firm’s revenues, and margins, but also means they can deliver a meaningfully better experience to their clients. We’re excited to see what Julia can achieve with this funding over the coming years.”
Is your firm not using Legl yet? Schedule a personalised demo with us today to see how we can help your firm automate legacy business processes and payments!