We're excited to announce our investment in OpenLaw, a company that is changing the legal services market by eliminating critical pain points in client acquisition for law firms and helping individuals access cost-effective legal representation.
The company was started by co-founders Andrew Guzman, a seasoned law firm CEO, David Ngo, an expert in behavior design, and Abtin Gramian, an experienced builder of scalable SaaS products. The three co-founders are committed to their mission to democratize access to outstanding legal services by leveraging breakthrough technology and fostering a vibrant, competitive marketplace that connects individuals in need with exceptional attorneys. Simply put, they believe that finding the right legal representation should be straightforward and affordable for everyone.
OpenLaw offers a comprehensive, data-driven platform that revolutionizes the client-attorney matching process. Law firms can easily manage client acquisition through the company’s platform, which features proactive, systematic client engagement, AI-powered intake, and an efficient marketplace that connects attorneys with pre-qualified potential clients. The platform’s capabilities allow law firms to significantly reduce their marketing and administrative burdens while ensuring that clients receive timely and appropriate legal representation.
One of OpenLaw’s standout features is its ability to deliver results that far surpass industry standards. With a conversion rate that is 9x higher than the industry average, OpenLaw is setting a new benchmark in the legal services market. The platform also reduces client acquisition costs by 3x and saves attorneys up to 75% of the time typically spent on new client referrals. For clients, this translates into 30-70% savings on legal fees, making high-quality legal services more accessible and affordable.
At The LegalTech Fund, we are committed to making legal services more accessible. OpenLaw’s mission and new technology does just this. In providing a streamlined, cost-effective solution for law firms to acquire clients more efficiently, they are able to focus on what truly matters: practicing law and delivering justice. By enhancing the connection between individuals in need and exceptional attorneys, OpenLaw is making quality legal representation more accessible to all.
Please welcome OpenLaw to The LegalTech Fund family and fill out this form if you’d like to be connected to learn more!