4. Lessons for Law Firms from LegalZoom's IPO
BY
Steve Glaveski
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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.
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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about the author
Steve Glaveski is a Harvard Business Review contributor on all things high-performance at work. He is the author of Employee to Entrepreneur (Wiley, 2019), and co-founder of Collective Campus, the boutique consultancy behind NewLaw Academy that has generated millions of dollars selling discretionary services to many of the biggest organizations in the world - without the benefit of an established brand,pre-existing relationships, a corporate card, or a large team. Steve previously consulted to the likes of King & Wood Mallesons, Mills Oakley, and Cornwalls, and worked in consulting for EY and KPMG.
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