Lawhive Raises £11M to Revolutionize Legal Industry with AI-Powered Platform

London-based Lawhive, a platform for lawyers powered by artificial intelligence, has raised over £11M in seed funding. The goal is to make legal assistance more accessible and affordable for consumers and small businesses. The UK legal industry, worth £25B, has been criticized for its costs and complicated processes, leaving millions without legal representation.

Lawhive's AI-driven marketplace connects lawyers with clients and handles various legal tasks. Their system automates administrative duties, enabling lawyers to work more efficiently and increase their income. The platform's AI lawyer, Lawrence, performs tasks like a junior lawyer, allowing senior lawyers to focus on high-value aspects of a case.

CEO Pierre Proner explained that Lawhive's mission is to use AI to reduce the time and cost of providing high-quality legal support, increasing access to millions in need. He emphasized that AI is not meant to replace human lawyers, but to enhance their efficiency and income.

The company plans to use the funding to expand its workforce and recruit software developers and AI experts. GV Partner Vidu Shanmugarajah hailed Lawhive as a revolutionary change that will significantly impact both customers and attorneys, revolutionizing the legal business.