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October 19, 2015

Online Lawyer Marketplaces: What’s Happening?

2015-October-Legal Tech Google CampusLast week in London a bunch of legal tech entrepreneurs got together to discuss the latest innovations in areas like legal services marketplaces, online directories, case management software, and online content.

The session started with a short pitch from CLAWS, a computational case law research start-up.

Hosted by freelance lawyer, Jonathan Lea, a panel session followed comprised of:

  • Saleem Arif, the founder of QualitySolicitors and ReviewSolicitors
  • David Bushby, COO of Lexoo, a UK-based “lawyer matching” start-up
  • Mark Edwards, UK country manager at Rocket Lawyer
  • Ivan Rasic from LegalTrek, a case management software provider

Lexoo’s David Bushby, whose site secured $400,000 in financing earlier this year, made some interesting observations about the state of legal start-ups:

  • There are around 500 legal start-ups worldwide at the moment
  • 17% of all legal start-ups worldwide are marketplaces/directories
  • 80% of all legal tech start-ups are US based
  • Only a small number of legal start-ups are UK-based, as the market is more focused on “fintech” (financial technology) than legal

Rocket Lawyer’s Mark Edwards said that:

  • 43% of all small and medium sized enterprises go online in first instance to find lawyer

There was agreement that a wave of US legal tech start-ups is likely to hit the UK soon, with many watching Avvo closely.

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Filed Under: Legal Directories, Legal Events, Legal Marketing, Legal Media, Legal Publishing Tagged With: Lexoo, Review Solicitors, Rocket Lawyer

By Lloyd Pearson

Legal marketing and directories consultant serving law firms worldwide.

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