London legaltech completes €5.8m funding round to "revolutionalise" law firms

A London legaltech company has announced that it has completed a €5.8m funding round to “revolutionise” the sector.

Legl saw the Series A funding round led by Octopus Ventures, with participation from existing investors Backed, Samaipata and First Round Capital, as well as angel investors.

Legl, founded in 2019, is a B2B SaaS platform enabling law firms to run operations digitally.

The funds will go to expanding the team and enriching Legl’s product and customer base in the UK legal market, and to start their international expansion.

Julia Salasky, CEO and founder of Legl, commented: “Most legal technology focuses on the practice of law.

“We’re focused on the operations of law – how do law firms, as unique, regulated businesses, run their business better and deliver a better client experience.

“We saw that there was a huge opportunity to improve client experience, onboarding, KYC and payment in a streamlined, beautiful way that also delivers a lot of business insight to the firm.

“There’s a huge opportunity here to reduce the friction that happens for law firm clients and create a better business of law.”

Zoe Chambers, early stage investor at Octopus Ventures, said: “It’s rare to find a founder and team with such insider knowledge to tackle a big industry that has started to adopt technology quickly.

“Covid has accelerated the move to digital in the legal industry, and Julia and team, with deep expertise across legal, SaaS and fintech, are in prime position to win the market.”