Top Legal Tech Startups to Watch
Every year, new startups pull to the forefront of their industry through exciting innovation and industry-disrupting business models. We’ve rounded up the most exciting legal tech companies of 2023 that startup-lovers, investors, and aspiring entrepreneurs should follow.
Disclaimer: With so many exciting legal tech startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.
1. Equity Shift
- Location: Raleigh, North Carolina
- Funding: $1.4 Million
Equity Shift’s platform makes it easier for private companies to issue, sell, and transfer their restricted securities. It combines workflow automation and transactional capabilities and can accommodate the requirements of a company’s specific settlement process. The platform automatically handles approvals, counterparty participation, legal disclosures, contracts, payments, closing, and post-transaction settlement.
- Location: San Jose, California
- Funding: $200,000
DYgreencard is an immigration service company based in Silicon Valley that helps immigrants prepare their US green card applications through its online platform. The process starts when the applicant answers a simple online questionnaire and uploads their documents. Then an immigration lawyer reviews the application to make sure it has the best chance of success, prints it according to government specifications, and answers any questions the applicant might have.
3. Law Student Connect
- Location: Boise, Idaho
- Funding: $500,000
The legal job market can be tough, but Law Student Connect can help with its online platform that brings law students, lawyers, judges, and legal educators together to improve legal education, reduce the cost of routine legal services, and connect law students with more jobs.
The company offers a marketplace where law students can get paid for doing short-term legal research and other projects, which helps them develop necessary skills and saves law firms money. Firms can also evaluate students it employs through the Law Student Connect marketplace for future full-time job opportunities.
- Location: Toronto, Canada
- Funding: $1.6 Million
Heirlume helps companies navigate the tricky world of trademarks. It offers a free trademark and domain search tool that’s more reliable, more detailed, and easier to use than the tool provided by the US Patent and Trademark Office. Results are presented in a simple, easy-to-understand report, and the company will then guide you through the entire application and registration process.
5. Harpocrates Solutions
- Location: Berlin, Germany
- Funding: Undisclosed
Harpocrates Solutions offers a software-as-a-service product that continually updates digital regulatory requirements for data privacy, banking, and startups. Features include continuous discovery of new and changing laws and regulations, as well as information on how to comply with those legal requirements. This information can be integrated with apps, connected cars, and other internet of things platforms, and the service can be scaled to any size of business.
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- Location: Atlanta, Georgia
- Funding: $600,000
Lawyers deal with a lot of documents, so there’s always a need for a good automated document solution. Enter aiLegal, an all-in-one platform that provides end-to-end automation management, including knowledge management, document building, workflow building, document generation, workflow automation, negotiation, comment, approval, esign, epay, document storage, data analytics, and team collaboration. The Amazon Web Services cloud platform integrates with DocuSign and other document management tools.
- Location: Paris, France
- Funding: N/A
Impactin helps financial institutions, companies, and territories measure, manage, and report the impact of their investments and comply with regulations surrounding sustainable finance. Products include environmental, social, and governance (ESG) regulations reports, ESG impact scorecards, and ESG impact rating datasets. The company also offers more than 30 original fund concepts, impact finance consulting, and other services.
- Location: Dublin, Ireland
- Funding: $39.1 million
Brightflag sells AI-powered software that helps organizations’ legal departments save money. The software captures requests using standardized forms and workflows, which saves time for both sides and helps illustrate the legal department’s true impact on the business.
The software also centralizes essential data and documents on an easy-to-use platform to increase productivity, facilitate collaboration, and reduce risk. Finally, Brightflag can review legal invoices and help predict future legal spending.
- Location: San Francisco, California
- Funding: $64.3 million
Casetext provides affordable, AI-based legal research and writing tools. Its Casetext research tool provides a true legal replacement for pricey Lexis and Westlaw services, offering full coverage of all 50 states and federal cases, statutes, regulations, and rules. A document analyzer tool finds on-point cases, while a parallel search tool uses complete sentences to find results with matching concepts. Another tool pairs the insights of expert attorneys with cutting-edge machine learning to help draft stronger briefs.
Recommended: Check out our full list of the top startups to watch.