Lawhive raised £9.5 million to target 'main street' law firms with AI services. Existing startups like Harvey and Robin AI focused on 'Big Law', neglecting smaller firms.
Lawhive's in-house AI lawyer 'Lawrence' uses AI models to speed up legal processes for lawyers and clients, handling tasks like KYC/AML and document summarization.
Pierre Proner, CEO of Lawhive, emphasized the focus on consumer legal space, distinct from corporate market targeted by competitors. The aim is to serve 10,000 small law firms in the UK.
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