Filevine Raises $108M Sequence D for Authorized Get the job done Platform Serving Legislation Corporations and Company Counsel Teams

Founded in 2014, Filevine is creating a new interface for authorized operate. CEO and co-founder Ryan Anderson, a former litigator, felt that legacy authorized software was unwell-geared up to deal with the urgent jobs that bombarded him and his colleagues. Conventional doc management solutions, venture administration applications, and collaboration computer software didn’t meet the unique desires of authorized experts. Anderson and his co-founders developed Filevine to fill this void in the organization program-as-a-provider (SaaS) market.

Soon after Filevine launched, the inadequacies of legacy lawful computer software became evident. Workloads amplified without having proportionate expansion in team, and then COVID-19 forced remote get the job done upon the business. By 2021, report need for legal companies, a scarcity of competent talent, and high burnout between authorized gurus have been driving firms to adopt new technological innovation at report premiums. In truth, the lawful tech market place is predicted to increase at a compound once-a-year development rate (CAGR) of around 6 percent between 2019 and 2025 in accordance to Statista.

Filevine’s business enterprise efficiency reveals just how effectively the organization has resonated with authorized industry experts, bridging the gap involving need and talent. About the past two yrs, Filevine reached 198% development in annual recurring income (ARR) whilst protecting a purchaser net retention price of above 130%. In 2021 on your own, Filevine signed 708 new customers throughout the legal current market. Since obtaining Outlaw, a agreement management remedy, in May well 2021, Filevine has developed Outlaw’s ARR by 400%. 

An Inc. 5000 and Deloitte Quickly 500 firm in 2021, Filevine has managed to sustain extraordinary progress as the corporation matures. Very last calendar year, Filevine also won a number of honors like “General Circumstance Administration Company of the Yr” from the Lawful Tech Breakthrough Awards and “Finest SaaS for Productivity” in the 2021 SaaS Awards.

“Filevine has authorized us to flip the script on how authorized get the job done is carried out. You utilized to say, ‘Okay, we’re having guiding — just insert a couple additional typists or a pair additional secretaries.’ Now I say, ‘how can we improve the workflow to be far more productive? What can we standardize? What can we automate in Filevine?'” reported Bob DeRose, Controlling Lover at Barkan Meizlish DeRose Cox, LLP. “It will allow me to employ the service of smarter and only maximize headcount when it is really important.”

Named a 2021 Top Workplace by The Salt Lake Tribune, Filevine welcomed 370 workers in 2021. The corporation also deepened its leadership bench with many important hires:

  • Ian Charles, Chief Economical Officer, joined Filevine with in excess of 25 yrs of economic leadership in public marketplaces, M&A, and internationalization. He formerly held the role of CFO at FLEXE, Scoop Technologies, and Planful and served as CFO Partner for The Brenner Group®.  
  • Scott Brown, Main Technological innovation Officer, is an organization technological know-how chief with a file of merchandise innovation, income development, and scalable architecture. Prior to signing up for Filevine, he was CTO of Integrate and has held government roles at OVH US, iCitizen, Media Temple, and GoDaddy.
  • Jen Grey, SVP of Advertising and marketing & Corporate Approach, was promoted to a new expanded role focused on strategic scheduling, GTM enlargement, and business alignment and execution. She joined Filevine in 2020 and formerly held leadership positions at Qualtrics and Weave during their hypergrowth phases, and at Adobe.

“Getting remodeled lawful do the job and enterprise for non-public procedures, we are fired up to more broaden in just corporate, governmental, and nonprofit counsel groups that confront the very same do the job issues but help their corporations in another way,” stated Ryan Anderson, CEO of Filevine. “We’re getting on this progress chance with new executives and a seasoned group of leaders who go on to awe our buyers with their devotion and benefits.”

Filevine a short while ago designed internal promotions to acknowledge the general performance of its management corps. Promotions incorporate Sean Dowdle to EVP of Revenue, Alex Pearson to Standard Counsel, Michael Anderson to SVP of Product or service Approach, Cain Elliott to Head Authorized Futurist, and co-founder Nate Morris to Chief Culture Officer.

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About Filevine
Filevine is transforming the way authorized function gets completed for law practitioners and their consumers. As the leading authorized operate platform, Filevine is devoted to empowering all corporations with applications to simplify and elevate complicated, high-stakes authorized do the job. Powering every little thing from doc management and consumer communication to legal drafting and deadline and undertaking administration, above 25,000 legal industry experts use Filevine every day to deliver excellence in each and every contract, deadline, and consequence. Filevine is the leading legal application organization on the Inc. 5000 record, has been named a person of the Utah Enterprise Fast 50 and is among the best 50 fastest-growing privately-owned software organizations according to the 2021 Inc. 5000 record.

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