PocketLaw is a software-as-a-service platform that provides an all-in-one digital solution for businesses to manage their legal work. It offers a suite of products for contract creation, management, e-signing, and storage, along with legal guidance and access to third-party lawyers. PocketLaw's platform combines proprietary legal content, such as jurisdiction-specific templates and guides, with automation tools to streamline the legal process.
Founded in 2018 by Olga Beck-Friis and Kira Unger, PocketLaw aims to empower businesses of all sizes, from startups to enterprises, to handle their legal needs more efficiently and cost-effectively. The company's mission is to leverage technology to transform the way businesses manage legal work, saving them time and resources.
PocketLaw's platform is designed to be user-friendly, enabling both legal and non-legal professionals to create contracts, navigate legal requirements, and receive guidance throughout the process. By automating repetitive tasks and providing tailored solutions, PocketLaw estimates that its customers can save up to 14 working weeks and up to USD 200,000 in legal fees annually, as of March 2022.
The company has experienced rapid growth since its launch, with a 10x increase in revenue in the last year as of May 2022. As of May 2022, PocketLaw had secured over USD 14 million in funding, including a USD 11 million Series A round led by Atomico. The funding has enabled the company to expand its operations across Europe, with a focus on the UK market, and plans to enter Germany and Norway in 2022.
Key customers and partnerships
PocketLaw's customer base includes a diverse range of businesses across Europe and the UK, from startups like Voi, Kry/Livi, Juni, and Estrid to consumer SMEs like Punchy Drinks and global enterprises like Babybjorn and Schibsted. The company has formed partnerships with several law firms to offer bespoke legal advice to its customers as an additional service.
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