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|  |
 | |
| Company type | Private |
|---|---|
| Industry | Legal Technology |
| Founded | 2014 |
| Founders |
|
| Headquarters | , United States |
| Products | Legal Software.[1] |
Number of employees | 400[2] |
| Website | www |
Filevine is a company that develops law practice management software. The software includes document management, client communication, contract lifecycle management, client intake, and business analytics.
History edit
The company was founded in Salt Lake City, Utah, where is it still currently headquartered, in 2014 by Ryan Anderson and Nate Morris, along with systems engineer Jim Blake.[3]
Filevine is a cloud-base software provider for lawyers and law firms. According to Crunchbase[4], The company has received funding from six investors, including Meritech Capital Partners, Signal Peak Ventures, Stepstone Group, Golub Capital, Album VC, and Jonathan Ord, through six rounds of funding.
Filevine has received multiple rounds of funding since its establishment. The company's first seed round of funding was in 2017, followed by another seed round in 2018. In 2019,
Filevine received its first Series A funding round[5], followed by a Series B round later that same year. In 2022, the company secured additional funding through a Series C[6] and a Series D round. [7][8]
The funding came from a range of investors, including Meritech Capital Partners, Signal Peak Ventures, Stepstone Group, Golub Capital, Album VC, and Jonathan Ord.
Filevine's successful fundraising rounds have allowed the company to expand and enhance its suite of legal technology solutions, providing lawyers and law firms with an improved user experience.
Services edit
Filevine is a legal technology company that offers a range of services designed to help law firms streamline their operations. These services include task automation, client communication, timekeeping, and document assembly[9]. The company's software is cloud-based and can be used by law firms of all sizes.
Filevine's main product is legal case management software that helps law firms manage their cases, documents, communications, and workflows in one centralized platform.
Over time, the company has expanded its offerings to include additional features such as Lead Docket, a client intake and lead management system, legal document management, contract lifecycle management through Outlaw, business analytics for legal, eSignature capabilities through Vinesign, legal time and billing software, and legal document assembly.
Vinesign, acquired in 2017, provides eSignature capabilities that integrate with the rest of the Filevine product suite.
In 2020, Filevine acquired Lead Docket, which offers a cloud-based client intake and lead management system to streamline the client experience from initial contact to conversion.[10][11]
In 2020, Filevine acquired Outlaw[12], a software solution that simplifies the contract lifecycle management process through a data-driven approach.[13]
Additionally, Filevine offers business analytics tools that provide insights into various aspects of a law firm's operations, including hiring, caseloads, staff performance, and overall success.
The Legal Document Assembly service offered by Filevine enables the creation and execution of customized legal documents using pre-approved templates.
In 2022, Filevine passed the System and Organization Controls Type 2 report by standards based on an independent third-party audit. The audit was conducted by Marcum, LLP, an American Institute of Certified Public Accountants (AICPA) auditing firm.[14]
In 2023, Filevine launched Demands.AI.[15][16] Using machine learning and natural language processing, DemandsAI is designed to analyze legal demand letters and provide insights to legal professionals. The product aims to help legal teams better understand the claims made in demand letters and make informed decisions about how to respond to them.
Recognizing the complexities of immigration law, Filevine introduced ImmigrationAI[17] in 2023. This AI-powered tool assists lawyers in streamlining the immigration process for their clients by:[18]
- Extracting key information from client documents,
- Auto-populating USCIS forms,
- Translating applications in up to 170 languages.
Impact and Recognition edit
Filevine's dedication to innovation has been acknowledged by the industry. The company has been named to the Inc. 5000 list of fastest-growing companies for three consecutive years (2018-2020) and was recognized by Forbes as one of America's Best Startup Employers in 2020.
By embracing technology within the legal landscape, Filevine aims to improve legal workflow efficiency and broaden access to legal services. Notably, ImmigrationAI exemplifies their commitment to making the legal system more accessible and efficient for immigrant populations navigating complex immigration processes.
References edit
- ^ "Legal Software - Filevine". Filevine.
- ^ "Jobs - Filevine". Filevine.
- ^ Juetten, Mary. "Inbox: Filevine To The Rescue". Forbes. Retrieved 2023-03-03.
- ^ "Filevine - Funding, Financials, Valuation & Investors". Crunchbase. Retrieved 2023-02-28.
- ^ FinSMEs (2019-01-29). "Filevine Raises $8.3M in Series A Funding". FinSMEs. Retrieved 2023-03-03.
- ^ Merken, Sara; Merken, Sara (2022-04-14). "Filevine rakes in $108 mln as cash flows to legal technology". Reuters. Retrieved 2023-03-03.
- ^ Wiggers, Kyle (2022-04-14). "Filevine raises $108M to streamline legal workflows". TechCrunch. Retrieved 2023-03-03.
- ^ FinSMEs (2019-01-29). "Filevine Raises $8.3M in Series A Funding". FinSMEs. Retrieved 2023-03-03.
- ^ "Legal Document Assembly Software". Filevine. Retrieved 2023-02-28.
- ^ "Lead Docket Joins Filevine". Filevine. Retrieved 2023-03-03.
- ^ "Case Management Company Filevine Acquires Lead-Management Company Lead Docket | LawSites". www.lawnext.com. 2020-04-10. Retrieved 2023-03-03.
- ^ "Announcing Our Acquisition of Best in Class CLM — Outlaw". Filevine. Retrieved 2023-03-03.
- ^ "Filevine Acquires CLM Provider Outlaw to Meet Client Integration, Contracts Demands". Legaltech News. Retrieved 2023-03-03.
- ^ Filevine. "Filevine SOC 2 Type II Report". The Herald Journal. Retrieved 2023-03-03.
- ^ "Filevine Announces the Launch of Demands.ai". infotech.report. Retrieved 2023-04-26.
- ^ "Filevine Announces the Launch of Demands.ai". Yahoo Finance. 2023-04-13. Retrieved 2024-01-30.
- ^ "Filevine Unveils AI-Driven Immigration Forms, Accounting Integration with Oracle NetSuite, and A Broad Vision for AI | LawSites". www.lawnext.com. 2023-02-15. Retrieved 2024-01-30.
- ^ "Filevine Launches ImmigrationAI, Using AI to Help Streamline Document Filing". Legaltech News. Retrieved 2024-01-30.