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Status: Active

Nov 10th 2020 - Dec 10th 2020

Legal Connection (LC) is on a mission to democratise the $1 trillion legal profession, and enabling networks of legal professionals to compete with large partnership firms. The company asserts that the UK leads the world in being a friendly regulatory environment for freelance lawyers and virtual firms. LC aims to capture this sentiment and provide the aforementioned lawyers with the right technology so that they can group to provide a comparable service to large firms at a fraction of the price. LC argues that its product looks like a social networking tool but functions as a legal case and practise management suite wherein all the work takes place in secure chat rooms. Lawyers are also allowed to leverage third-party managed accounts to hold client money and execute transactions. LC was selected by Antler Venture Capital and given a pre-seed investment of £120,000. LC will use the investment to grow its user base, continue product development, and use technology to power the future of law.

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Legal Connection Rating Review

Rated on 18/11/2020

Pitch Rated

74%

overall

Management

84%

Product

70%

Investment

67%

Pitch rating powered by CROWDRATING

  • £211,874
    pledged
  • 176%
    of goal

    £120,000
    target

    £2,500,087
    pre-money valuation

    4.58%
    equity available

    450
    investors

    £471
    pledge per investor

    12206830
    company number

    Active
    company status

    13/09/2019
    incorporated 1 years

    £2.00
    share price

    Previous Funding rounds
    10 Nov 20 Crowdcube £211,874 / 177% 73.67%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 84%

Skills 91%
Legal Connection is founded by two engineers who are experts in web development and have a keen interest in solving complex legal problems that require a diverse set of skills. The CEO ran a web development agency before turning his attention to LegalTech. He spent hundreds of hours researching and validating the idea, self-funding development, and bringing the product to market. The CTO is a full-stack developer with expertise in both SaaS and blockchain. He is skilled in JavaScript (ES6), Ruby on Rails, React, GraphQL, Node, TDD, CI/CD, AWS, Azure, Docker, Sketch, Figma, Git, Agile, and the "Design sprint" process. The User Experience Designer is an accomplished professional who can manage multimedia projects from top to tail. He is skilled in fusing spectacular graphics with data, web development, and amazing apps. It was noted that the CEO is also taking up the responsibilities of the Marketing Head in the company and they have not, as yet, appointed a dedicated finance head.

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Funding progress



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  • £211,874
    pledged
  • 176%
    of goal

    £120,000
    target

    £2,500,087
    pre-money valuation

    4.58%
    equity available

    450
    investors

    £471
    pledge per investor

    12206830
    company number

    Active
    company status

    13/09/2019
    incorporated 1 years

    £2.00
    share price

    Previous Funding rounds
    10 Nov 20 Crowdcube £211,874 / 177% 73.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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