PERSUIT

Overview
Activities
News
LegalTech?
Product stageSegments
Early
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Practice management
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PERSUIT is a legal technology platform that enables corporate legal teams to engage with outside counsel effectively and efficiently. The platform provides a centralized solution for companies to select the right law firm, team, and pricing strategy for their legal matters. PERSUIT's core offering allows legal departments to run competitive processes for sourcing outside counsel, facilitating transparent comparisons and negotiations.

Through products like Rate Review Pro, launched in January 2024, PERSUIT empowers legal teams to manage and negotiate annual law firm rate increases at scale. Rate Review Pro automates critical calculations, such as weighted average increases and total spend impact, providing visibility into the financial implications of proposed rate hikes from multiple firms.

PERSUIT's platform addresses the challenges corporations face in managing legal spend, enabling them to move away from the traditional billable hour model toward value-based pricing, outcomes, and results. The company's solutions help streamline processes like single-matter or portfolio RFPs, secondments, panel establishment, and requests for information.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
New York NY USA
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 20.0 mn
Last Funding:
USD 20.0 mn (Series A; Oct 2021)
Last valuation:
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