AI-enabled SaaS for legal transaction management.

Legatics is a legal transaction management software provider, supplying leading global legal firms.

They have a collaborative platform to bring greater efficiency and automation to the closing process, primarily in corporate and banking and finance practice areas.

Legatics is used by many of the world’s leading law firms, including more than half of the top global banking and finance law firms.

We invested £3mn in June 2021 to support team expansion, new customer acquisition and the rollout of version 2 of their software platform.

We made a £1.1mn follow-on investment as part of a £4mn round in August 2023, aiming to bring new features and functionality to Legatics 2, as well as accelerate expansion plans for the US market.

Investment rationale

The market for legal technology is experiencing significant growth, which has accelerated through the impact of COVID.

Legatics helps law firms improve efficiency and deliver a better experience to all parties involved in a transaction. They have a proven land-and-expand strategy that is aided by a powerful network effect generated from third parties that use the platform through existing customers.