Lawhive has raised $40 million in Series A funding, aiming to expand in the U.S. market by providing AI-driven services tailored for small law firms.
'Small firms have to manage higher costs amid a shrinking market,' Proner explained, emphasizing the untapped potential of the 'main street' legal sector.
GV's investment interest stemmed from Lawhive's mixture of a consumer brand and deep tech, particularly through their AI models that enhance legal service delivery.
Lawhive's AI, 'Lawrence,' not only assists lawyers in their practice but also connects them with clients, streamlining the legal service process.
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