The Largest Private Investment Rounds in Legal Technology History

Following the recent announcement of a record-setting $900 million investment in a leading law practice management company, this publication endeavored to compile a comprehensive listing of the largest private investment rounds in legal technology. This compilation seeks to expand upon initial reports to provide a more accurate and detailed account of the sector’s most significant financial milestones.

Gathering this information presents inherent challenges, and Human&Legal acknowledges that this list is a working document. It is the publication’s hope to refine this data through community input. Readers are encouraged to share any missing deals or corrections to the listed entries to ensure the accuracy of this historical record. As updates are received that result in companies being ranked lower, they will be kept on the list, allowing the final count to exceed the original twenty-five.

Top Investments in Legal Tech

The following table presents the confirmed largest private investments in the legal technology sector, organized by investment size, and including the date of the funding round:

CompanyInvestment AmountFunding Date
Clio$900 millionJuly 23, 2024
LegalZoom$500 million (secondary)July 31, 2018
Clio$250 millionSeptember 4, 2019
Rocket Lawyer$223 millionApril 21, 2021
Everlaw$202 millionOctober 22, 2021
Onit$200 millionJanuary 11, 2019
Ontra$200 millionOctober 27, 2021
Reveal-Brainspace$200 millionJanuary 26, 2021
Icertis$150 millionOctober 24, 2022
Ironclad$150 millionJanuary 18, 2022
Hebbia$130 millionJuly 8, 2024
Notarize (Proof)$130 millionMarch 25, 2021
Relativity (kCura)$125 millionFebruary 3, 2015
ContractPodAI$115 millionSeptember 30, 2021
Clio$110 millionApril 27, 2021
Filevine$108 millionApril 8, 2022
LegalOn Technologies$108.60 million (based on 2022 yen to dollar exchange rate)June 22, 2022
Evisort$100 millionMay 11, 2022
Exterro$100 millionJune 1, 2018
Harvey$100 millionJuly 23, 2024
Ironclad$100 millionDecember 21, 2020
LinkSquares$100 millionApril 4, 2022
Litera$100 millionAugust 14, 2017
SirionLabs$85 millionMay 10, 2022
CS DISCO$83 millionJanuary 24, 2019
Harvey$80 millionDecember 19, 2023

Boundary Cases and Unconfirmed Data

It is important to define the scope of “legal tech” for the purpose of this analysis. This list deliberately omits certain companies considered “legal tech adjacent.” A notable omission is DocuSign, which, despite its relevance to legal workflows, is not strictly classified as a core legal technology provider for this compilation. If included, DocuSign would have appeared twice on this list for its $303.29 million raise on October 30, 2015, and its $115 million raise on October 27, 2024.

Other companies left off due to their adjacent nature include Zenwork, which secured $163 million on November 9, 2021, and Quantstamp, which raised $137 million on April 1, 2022.

Furthermore, a reported $204 million raise for Litera in 2022 was noted but could not be confirmed for inclusion at the time of publication.

Human&Legal encourages readers with verifiable information on other significant investments to submit them for consideration and inclusion in future updates to this important industry metric.