It is time to reinvent the U.S. legal system. The MIT-born startup raised $2.6M from Eniac Ventures to replace lawyers with AI.
By Tim Young, Founding General Partner, Eniac Ventures
According to the Thomson Reuters Legal Executive Institute, the U.S. Legal Services reached upwards of $437B in 2017, and with law firms’ business models being predicated on inefficiencies, Eniac has long been bullish on a company that can capture the spend and make the provision of legal services far more effective.
Enter Legit — the company that we believe is going to reinvent the U.S. legal system one vertical at a time, from IP to tax, M&A and litigation. They are well on their way because today, we are excited to announce that Eniac has led their $2.6M seed round.