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Litera
Legal workflow and workspace technology
- 1001+ employees
- B2B
- Artificial Intelligence
- Legal
- Machine Learning
- SaaS
- West Loop Gate, Chicago, IL
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Company mission
To empower law firms, legal organisations and legal teams to focus on their most meaningful work.
7% employee growth in 12 months
Our take
M&A deals typically hire lawyers to review only small sets of contracts due to the high legal fees involved. As a result only a few contracts are thoroughly reviewed within a deal, increasing the potential risk and the chances of overlooking important information. Litera aims to change this situation, leveraging machine learning and AI analysis to manage the contract review process and automate legal document creation for legal teams.
The legal profession has been slow to reap the advantages of machine learning and automation, but the time and cost savings represented by a product like Litera's flagship Desktop platform are impossible to ignore. The firm has already garnered more than 15,000 law firm and corporate customers and is growing rapidly, counting numerous law firms as well as corporate clients such as Dell, Golfman Sachs and Amazon among its customer base.
Aside from growth through marketing efforts, Litera is expanding through aggressive acquisition of companies that could support or enhance its product. In 2021 alone it acquired budgeting and pricing platform Clocktimizer and document productivity software company DocsCorp. It is continuing to develop its product, hiring engineers in particular to help it extend its technological lead in its market sector.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Work from home opportunities
- Health insurance
- 401k plan
- Vision and dental insurance
- Flexible working hours
- Volunteer and fundraising initiatives
- Employee development and career paths aimed to grow you and your career
- Rewards program designed to provide kudos to employees going above and beyond for their team and clients
Funding (1 round)
Aug 2017
$100m
GROWTH EQUITY VC
Total funding: $100m
Leadership
Avaneesh Marwaha
(Chairman)Avaneesh worked as a Legal Associate for over a year before working as Owner of Marwaha IP Group and leadership roles at Code Red Services, Voltage Technologies, and Kenzo Kozie. They joined Litera Microsystems as CEO in October 2016.
Sheryl Hoskins
(CEO, not founder)Was General Manager at Lightspeed and CEO of Upserve. Has been CEO of Litera since 2022.