Lawhive raises $60 million to drive US expansion

A fast-growing legaltech firm is preparing to expand its reach across the US after securing major backing to scale consumer-focused legal services.

Lawhive has raised $60 million in Series B funding to accelerate its expansion across the US and further develop its AI operating system for consumer law. 

The round was led by Danaher co-founder Mitch Rales, with backing from investors including GV, Balderton Capital and TQ Ventures.

The funding comes less than a year after the company’s $40 million Series A and follows rapid growth, with Lawhive now surpassing $35 million in annualised revenue after increasing turnover sevenfold over the past year. 

Bosses say the firm, which currently operates in 35 US states, is aiming to expand nationwide and target the vast and underserved consumer legal market, where high costs and manual processes leave many everyday legal needs unmet.

They add that a new office is set to open in New York alongside its existing base in Austin, supporting the next stage of growth in what has become the company’s fastest-growing market.

Pierre Proner, chief executive and co-founder of Lawhive, said: “The pace of growth over the past year reflects the scale of the problem we are tackling. 

“Everyday legal matters remain costly and unpredictable for millions of people, while lawyers are held back by manual processes that limit their efficiency and scale of their legal practices. 

“AI is finally making it possible to achieve a breakthrough in delivering consumer legal services with the speed and consistency people expect. 

“The reaction from lawyers and clients in the US has been exceptionally strong, and this funding allows us to build on US momentum and scale our model.”

Mitch added: “Lawhive is democratising legal services by providing access to high quality and transparent consumer legal services. 

“I’m excited for my business building firm, New Bearing, to partner with Lawhive’s talented management team to build operational excellence into everything that Lawhive does for consumers and lawyers. 

“Pierre, his co-founders and I share a mindset that we are building Lawhive for the next decades ahead of us.”

Founded in 2023 to address inefficiencies in consumer legal services, Lawhive targets everyday legal needs such as family law, housing disputes and employment issues, an area where demand significantly outweighs supply due to cost and complexity. 

Its proprietary AI operating system, which supports a network of more than 450 lawyers across the US and UK, is designed to reduce administrative burden, improve consistency and make legal support faster and more affordable.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →