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Lexoo
Company typePrivate Company
IndustryLegal technology
FoundedJune 2014
FounderDaniel van Binsbergen
Chris O'Sullivan
Headquarters
London
,
United Kingdom
ProductsLegal Services
Websitewww.lexoo.co.uk

Lexoo is a UK-based legal technology company launched in June 2014 with headquarters in London, United Kingdom. Lexoo delivers legal services to companies worldwide through a network of more than 1100 lawyers across 70 countries.[1]

History

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Lexoo was founded in June 2014 by Daniel van Binsbergen, a former lawyer at De Brauw Blackstone Westbroek,[2][3] and Chris O'Sullivan, a developer,[4] having raised $400,000 in seed funding from Forward Partners and Jonathan McKay, the Chairman of JustGiving.[5] In November 2015, Lexoo raised a further $1.3 million in funding from a number of investors, including the London Co-Investment Fund, Duncan Jennings (founder of Vouchercodes.co.uk), Tim Jackson of Lean Investments, Robin Grant (founder of We Are Social) and Forward Partners.[6][7][8] In October 2018, Lexoo raised $4.4 million in a Series A round led by Earlybird, with additional financing from Forward Partners and Zoopla general counsel (GC) Ned Staple.[1][9]

In March 2024, Lexoo was acquired by the Kalexius group. [10]

Media coverage

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TechCrunch identified that, compared to other markets, the fees charged by legal practitioners are traditionally non transparent, and considered Lexoo “a classic example of how markets can be made more efficient and transparent by moving them online”.[11]

Forbes described Lexoo as “the democratisation of legal services”, noting that “the participating solicitors know they are quoting in a competitive environment, so they will offer their best price up front, without businesses having to ask for it. All the ingredients of a classic disruptive start-up.”[4]

In June 2015, the Financial Times selected Lexoo as its "Innovation to Watch"[12] and Startups.co.uk listed Lexoo among the top 100 startups in the UK in 2015.[13]

Lexoo has also been featured by PE Hub,[14] Legal Futures,[15] Talk Business Magazine,[16] the Guardian, and Tech City News.[7]

In 2019, Harvard Business School made a case study out of Lexoo, which involved three Harvard professors visiting Lexoo’s London offices and focusing on the decisions needed to start and then grow the company, in particular its decision to refocus from SMEs to the in-house legal market.[17]

References

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  1. ^ a b Baker, Tom (4 October 2018). "'Part of a wider trend': Flexible lawyering start-up Lexoo secures $4.4m for business development overhaul". Legal Business. Retrieved 9 December 2019.
  2. ^ "Exclusive: Resignation Letter of the Year". RollOnFriday.com. 17 October 2014. Retrieved 29 April 2015.
  3. ^ Clementson, Laura (21 May 2015). "Taking the leap from corporate to startup: how one ambitious entrepreneur made the jump". Entreprenary. Retrieved 22 June 2015.
  4. ^ a b Ingham, Edmund (2 September 2014). "How Do You Disrupt The Legal Industry? Offer Value The Big Firms Can't Match". Forbes. Retrieved 29 April 2015.
  5. ^ Baker, Dylan (16 January 2015). "Lexoo raises $400K for lawyer comparison platform". Tech City News. Retrieved 29 April 2015.
  6. ^ Riley, Duncan (3 November 2015). "Disruptive lawyer-matching startup Lexoo raises $1.3m". Silicon Angle. Retrieved 31 December 2015.
  7. ^ a b Styles, Kirsty (2 November 2015). "On-demand legal firm Lexoo raises $1.3m". Tech City News. Retrieved 31 December 2015.
  8. ^ Dunsby, Megan (2 November 2015). "Lexoo raises $1.3m to connect UK small businesses with lawyers". Startups.co.uk. Retrieved 31 December 2015.
  9. ^ "Lexoo closes $4.4m Series A financing as it looks to grow global panel appointments". Legal IT Insider. 4 October 2018.
  10. ^ Editor-in-Chief, Caroline Hill- (22 March 2024). "Online legal marketplace Lexoo acquired by ALSP Kalexius + founders to "take a breather"". Legal IT Insider. Retrieved 24 April 2024. {{cite web}}: |last= has generic name (help)
  11. ^ O’Hear, Steve (16 January 2015). "Lexoo Scores $400K For Its Lawyer-Matching Service For Small Businesses". TechCrunch. Retrieved 29 April 2015.
  12. ^ Newton, Richard (16 June 2015). "Lexoo: a digital marketplace for legal services". Financial Times. Retrieved 22 June 2015.
  13. ^ Williams, Henry (11 May 2015). "Lexoo: The Forward-backed website that compares pre-screened, specialist lawyers". Startups.co.uk. Retrieved 22 June 2015.
  14. ^ Dorbian, Iris (16 January 2015). "UK legal startup Lexoo grabs $400K". PE Hub. Retrieved 22 June 2015.
  15. ^ Hilborne, Nick (19 January 2015). "Lawyer-matching service targets major growth after cash injection". Legal Futures. Retrieved 22 June 2015.
  16. ^ Lill, Dominic (6 November 2015). "Start-up Lexoo raises $1.3m to disrupt the legal sector". Talk Business Magazine. Retrieved 31 December 2015.
  17. ^ Hill, Jeremy (14 March 2019). "Harvard Business School makes a case study out of Lexoo". Legal IT Insider. Retrieved 9 December 2019.
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