Meet the legal startup generating $150 million in revenue without chasing Big Law
EvenUp, a quiet giant of the legal tech space, has reached $150 million in contracted revenue.
TL;DR
- EvenUp, a legal tech startup, has generated $150 million in recurring revenue.
- The company focuses on selling AI software to personal injury law firms, not Big Law.
- Personal injury firms work on contingency, making efficiency gains from AI directly beneficial.
- EvenUp's business has expanded from automating demand letters to offering comprehensive case management software.
- The company serves over 2,000 personal injury firms and handles 20,000 cases weekly.
- EvenUp aims to increase revenue by selling additional products to its existing client base.
- The market for plaintiff-side legal tech is competitive, with rivals like Eve and Supio also growing.