LegalOn, a global leader in AI-driven legal solutions, has made waves after announcing their recent $50 million Series E funding. The round was led by Goldman Sachs Alternatives’ Growth Equity. It was joined by existing backer World Innovation Lab (WiL), which was involved in its previous round, and new investors including Mori Hamada & Matsumoto, Mizuho Bank and Shoko Chukin Bank. This capital infusion brings LegalOn’s total funding to $200 million since being founded in 2017.
Co-Founded by Nozomu Tsunoda and Masataka Ogasawara, LegalOn has quickly added more offerings to its platform and now has over 600 employees. With more than 7,000 organizations actively using the company’s products in Japan, the U.S., and the U.K. In Japan, it has deepened its reach as a market leader, actually undergirding 25% of all public companies.
LegalOn’s AI functionality looks set to get much more powerful than just contract review. In 2025, the enterprise will introduce AI brokers. Already, these agents are proving invaluable to legal teams as they save time from request to resolution. This strategic expansion is further testimony to LegalOn’s passion for transforming legal workflows with innovative technology.
One of LegalOn’s flagship products is its AI contract review tool, called Review. This tool is significant in that it proactively identifies potential risks. It recommends improvements by leveraging 50+ attorney-created playbooks that are customized to each enterprise’s legal requirements. Given the immense time saved in contract review, this technology has enabled businesses to save up to 85% of contract review time. Simultaneously, it increases quality and pushes for accuracy.
Daniel Lewis, a Reggie Road co., Spokesperson for the company, said that their approach was to connect contract reviews to what the actual law is. This alignment increases accuracy, consistency, and practicality for legal teams. He spoke to truly seamless integration into emotive’s existing workflows as “our solution works out-of-the-box on Day 1.”
In what could be seen as a watershed moment toward deepening and trading on technological savvy, LegalOn cemented that ambition through a non-equity tech partnership with OpenAI. The goal of this collaboration is for Teachers Pay Teachers and Impero to improve their AI tools. It also makes sure they remain leaders in the legal tech space.
Even with all the AI advancements, Lewis made clear that the goal of LegalOn is not to replace lawyers. “The state of the technology isn’t there yet, and replacing lawyers isn’t even our vision,” he stated. Rather, he highlighted the importance of the human lawyer as an editor and overseer of even the most AI-generated content. “Lawyers are still in the driver’s seat. These are the things AI will never be able to do, which by definition are the only things that only humans can do. Lawyers who accept the burden of supervising, editing, and using judgment are already benefiting tremendously from AI. They are the ones who are feeling the greatest exceptional pressure of this quickly changing environment.
As LegalOn pushes its mission towards creating more innovative solutions, the startup is off to a strong start at the helm of the booming intersection between law and technology. The forward-looking company is all about deploying a new tech stack to streamline legal workflows. This commitment exemplifies the industry’s broader trend to implement artificial intelligence as part of their efficiency initiative.