4. Lessons for Law Firms from LegalZoom's IPO
NewLaw Academy
English - July 29, 2021 21:00 - 18 minutes - 16.7 MBManagement Business futurelaw futurelawacademy law lawfirminnovation legalinnovation legalservices legaltech newlaw Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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LegalZoom - the world’s preeminent legaltech company, went public on 30 June 2021. Its share price closed 35% higher at day’s end than its opening price, effectively valuing the company at US$7.35 billion.
The company was founded back in 2001, and helps customers create legal documents without having to hire a lawyer. This extends to wills, trusts, business formation, copyright registrations, and trademark applications.
The listing is a shining example of the power of applying automated tech solutions to old problems - problems that were previously handled by human lawyers.
I unpack key lessons from their success in this episode.
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