Gilbert + Tobin (G+T) has increased its stake in the start-up to nearly 20 percent following a second round of financing, strengthening the firm’s position as a market disruptor.
G+T made an initial investment in LegalVision last November, in line with its commitment to foster the entrepreneurial spirit and develop innovative solutions for clients.
LegalVision uses technology and online processes to deliver quality legal products at the high-volume, standardised end of the market.
G+T’s Chief Operating Officer and LegalVision Board member, Sam Nickless, said the start-up was rapidly growing and successfully taking business from small and mid-sized law firms.
“Aligning the Gilbert + Tobin brand with LegalVision is a strategic move that allows us to service both ends of the market – from start-up to premium corporate brands.
“From working with LegalVision, we can deepen our relationships by serving clients across a broad range of their needs – from the bespoke, complex issues that are our heartland, through to their regular business processes that are ideal for LegalVision,” Mr Nickless said.
“G + T is also looking to learn from LegalVision’s approach to technology, marketing and process. WeIt will be working on joint projects to develop legal applications for machine learning, artificial intelligence and blockchain in our respective markets.”