Lawhive Secures $40M to Disrupt the US Legal Market
Lawhive, a UK-based legal tech startup transforming legal services delivery, has raised $40 million in Series A funding to accelerate its expansion into the US market. The round was co-led by GV (Google Ventures) and TQ Ventures, with additional support from Balderton Capital, Jigsaw, Episode 1, and high-profile investors, including Premier League footballers Harry Maguire and Reece James.
Founded in 2019 by Pierre Proner (CEO), Jaime Van Oers (CTO), and Flinn Dolman (Head of AI), Lawhive’s mission is to make legal services accessible and affordable for everyone. Its innovative platform connects consumers and small businesses with qualified lawyers, offering fixed-fee pricing that is up to 50% cheaper than traditional firms.
The US market presents a significant opportunity for Lawhive. Recent reports estimate that 80% of consumer legal needs in the U.S. go unmet, representing a $1 trillion annual market gap. Lawhive’s platform aims to address this gap by equipping smaller law firms with the tools to streamline operations, reduce costs, and serve more clients.
“With smaller firms under pressure to manage rising costs in a shrinking market, Lawhive provides an innovative solution that benefits both lawyers and their clients,” said Pierre Proner, CEO and Co-Founder of Lawhive. “This funding will allow us to scale our US operations and deliver faster, more affordable legal services to millions of people.”
AI-Powered Legal Assistance
At the core of Lawhive’s platform is Lawrence, an AI lawyer designed to automate routine legal tasks. Lawrence has already passed part one of the Solicitors Qualifying Examination (SQE), demonstrating its advanced capabilities in supporting lawyers and enhancing efficiency.
“Lawrence represents the future of accessible legal services. By combining AI with fixed-fee pricing, we’re making high-quality legal support available to those who need it most,” added Proner.
How Lawhive Works
Lawhive offers a seamless experience for consumers and small businesses:
- Clients receive a personalised legal plan and fixed-fee quote after a quick assessment.
- Within 48 hours, clients are matched with an SRA-regulated lawyer from Lawhive’s network.
- The case is handled securely through the platform, ensuring transparency and efficiency.
Investor Support and Vision
“Lawhive is fundamentally transforming how legal services are delivered,” said Schuster Tanger, Co-Founder of TQ Ventures. “The US legal market, the largest in the world, is overdue for disruption, and Lawhive’s innovative approach positions it as a leader in this space.”
About Lawhive
Lawhive empowers lawyers and law firms with AI-driven technology to work more efficiently and cost-effectively while making legal services affordable and accessible for consumers. With a focus on Main Street law firms, the platform stands out in a legal tech landscape dominated by solutions for Big Law.
