Lexoo
{{Use British English|date=May 2015}}
{{Use dmy dates|date=May 2015}}
{{Infobox company
| name = Lexoo
| logo = Lexoo logo (lawyer marketplace) - 24 June 2015.jpg
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| type = Private Company
| industry = Legal technology
| foundation = June 2014
| founder = Daniel van Binsbergen
Chris O'Sullivan
| defunct =
| location_city = London
| location_country = United Kingdom
| locations =
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| products = Legal Services
| production =
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| homepage = {{URL|http://www.lexoo.co.uk}}
}}
Lexoo is a UK-based legal technology company launched in June 2014 with headquarters in London, United Kingdom. Lexoo delivers legal services to companies worldwide through a network of more than 1100 lawyers across 70 countries.{{Cite web|url=https://www.legalbusiness.co.uk/blogs/part-of-a-wider-trend-flexible-lawyering-start-up-lexoo-secures-4-4m-for-business-development-overhaul/|title='Part of a wider trend': Flexible lawyering start-up Lexoo secures $4.4m for business development overhaul|last=Baker|first=Tom|date=2018-10-04|website=Legal Business|language=en-GB|archive-url=|archive-date=|access-date=2019-12-09}}
History
Lexoo was founded in June 2014 by Daniel van Binsbergen, a former lawyer at De Brauw Blackstone Westbroek,{{cite news|title=Exclusive: Resignation Letter of the Year|url=http://www.rollonfriday.com/TheNews/EuropeNews/tabid/58/Id/3594/fromTab/58/currentIndex/44/Default.aspx|accessdate=29 April 2015|publisher=RollOnFriday.com|date=17 October 2014}}{{cite news|title=Taking the leap from corporate to startup: how one ambitious entrepreneur made the jump|last1=Clementson|first1=Laura|url=http://entreprenary.com/taking-the-leap-from-corporate-to-startup-how-one-ambitious-entrepreneur-made-the-jump/|accessdate=22 June 2015|publisher=Entreprenary|date=21 May 2015}} and Chris O'Sullivan, a developer,{{cite news|last1=Ingham|first1=Edmund|title=How Do You Disrupt The Legal Industry? Offer Value The Big Firms Can't Match|url=https://www.forbes.com/sites/edmundingham/2014/09/02/how-do-you-disrupt-the-legal-industry-offer-value-the-big-firms-cant-match/|accessdate=29 April 2015|work=Forbes|date=2 September 2014}} having raised $400,000 in seed funding from Forward Partners and Jonathan McKay, the Chairman of JustGiving.{{cite news|last1=Baker|first1=Dylan|title=Lexoo raises $400K for lawyer comparison platform|url=http://techcitynews.com/2015/01/16/lexoo-raises-400k-for-lawyer-comparison-platform/|accessdate=29 April 2015|publisher=Tech City News|date=16 January 2015}} In November 2015, Lexoo raised a further $1.3 million in funding from a number of investors, including the London Co-Investment Fund, Duncan Jennings (founder of Vouchercodes.co.uk), Tim Jackson of Lean Investments, Robin Grant (founder of We Are Social) and Forward Partners.{{cite news|last1=Riley|first1=Duncan|title=Disruptive lawyer-matching startup Lexoo raises $1.3m|url=http://siliconangle.com/blog/2015/11/03/disruptive-lawyer-matching-startup-lexoo-raises-1-3m/|accessdate=31 December 2015|publisher=Silicon Angle|date=3 November 2015}}{{cite news|last1=Styles|first1=Kirsty|title=On-demand legal firm Lexoo raises $1.3m|url=http://techcitynews.com/2015/11/02/on-demand-legal-firm-lexoo-raises-1-3m/|accessdate=31 December 2015|publisher=Tech City News|date=2 November 2015}}{{cite news|last1=Dunsby|first1=Megan|title=Lexoo raises $1.3m to connect UK small businesses with lawyers|url=http://startups.co.uk/lexoo-raises-1-3m-to-connect-uk-small-businesses-with-lawyers/|accessdate=31 December 2015|publisher=Startups.co.uk|date=2 November 2015}} In October 2018, Lexoo raised $4.4 million in a Series A round led by Earlybird, with additional financing from Forward Partners and Zoopla general counsel (GC) Ned Staple.{{Cite web|url=https://legaltechnology.com/latest-news/lexoo-closes-4-4m-series-a-financing-as-it-looks-to-grow-global-panel-appointments/|title=Lexoo closes $4.4m Series A financing as it looks to grow global panel appointments|date=4 October 2018|website=Legal IT Insider}}
In March 2024, Lexoo was acquired by the Kalexius group. {{Cite web |last=Editor-in-Chief |first=Caroline Hill- |date=2024-03-22 |title=Online legal marketplace Lexoo acquired by ALSP Kalexius + founders to "take a breather" |url=https://legaltechnology.com/2024/03/22/online-legal-marketplace-lexoo-acquired-by-alsp-kalexius-founders-to-take-a-breather/ |access-date=2024-04-24 |website=Legal IT Insider |language=en-GB}}
Media coverage
TechCrunch identified that, compared to other markets, the fees charged by legal practitioners are traditionally non transparent, and considered Lexoo “a classic example of how markets can be made more efficient and transparent by moving them online”.{{cite news|url=https://techcrunch.com/2015/01/16/lexoo/|title=Lexoo Scores $400K For Its Lawyer-Matching Service For Small Businesses|last1=O’Hear|first1=Steve|date=16 January 2015|accessdate=29 April 2015|publisher=TechCrunch}}
Forbes described Lexoo as “the democratisation of legal services”, noting that “the participating solicitors know they are quoting in a competitive environment, so they will offer their best price up front, without businesses having to ask for it. All the ingredients of a classic disruptive start-up.”
In June 2015, the Financial Times selected Lexoo as its "Innovation to Watch"{{cite news|url=http://on.ft.com/1LdSgjP|title=Lexoo: a digital marketplace for legal services|last1=Newton|first1=Richard|date=16 June 2015|accessdate=22 June 2015|publisher=Financial Times}} and Startups.co.uk listed Lexoo among the top 100 startups in the UK in 2015.{{cite news|last1=Williams|first1=Henry|title=Lexoo: The Forward-backed website that compares pre-screened, specialist lawyers|url=http://startups.co.uk/startups-100/2015/97-lexoo/|accessdate=22 June 2015|publisher=Startups.co.uk|date=11 May 2015}}
Lexoo has also been featured by PE Hub,{{cite news|title=UK legal startup Lexoo grabs $400K|last1=Dorbian|first1=Iris|url=https://www.pehub.com/2015/01/uk-legal-startup-lexoo-grabs-400k/|accessdate=22 June 2015|publisher=PE Hub|date=16 January 2015}} Legal Futures,{{cite news|title=Lawyer-matching service targets major growth after cash injection|last1=Hilborne|first1=Nick|url=http://www.legalfutures.co.uk/latest-news/lawyer-matching-service-targets-major-growth-after-cash-injection|accessdate=22 June 2015|agency=Legal Futures|date=19 January 2015}} Talk Business Magazine,{{cite news|title=Start-up Lexoo raises $1.3m to disrupt the legal sector|last1=Lill|first1=Dominic|url=http://talkbusinessmagazine.co.uk/2015/11/06/start-up-lexoo-raises-1-3m-to-disrupt-the-legal-sector/|accessdate=31 December 2015|agency=Talk Business Magazine|date=6 November 2015}} [https://www.theguardian.com/legal-horizons/2018/jul/24/meet-the-disruptors-shaking-up-the-legal-world the Guardian], and Tech City News.
In 2019, Harvard Business School made a case study out of Lexoo, which involved three Harvard professors visiting Lexoo’s London offices and focusing on the decisions needed to start and then grow the company, in particular its decision to refocus from SMEs to the in-house legal market.{{Cite web|url=https://legaltechnology.com/latest-news/harvard-business-school-makes-a-case-study-out-of-lexoo/|title=Harvard Business School makes a case study out of Lexoo|last=Hill|first=Jeremy|date=2019-03-14|website=Legal IT Insider|language=en-GB|archive-url=|archive-date=|access-date=2019-12-09}}
References
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External links
- {{Official website|http://www.lexoo.co.uk}}
- [https://www.kalexius.com Kalexius] group website