As legal technology companies broaden their offerings, EvenUp is growing by focusing on a single practice area. The company, which makes software for personal injury law firms, says its contracted recurring revenue has surpassed $150 million and it serves more than 2,000 firms. CEO Rami Karabibar argues that becoming part of clients’ everyday workflows is key to a legal tech startup’s staying power.
EvenUp expands from demand letters to case management
Money continues to flow into legal technology, valuations are rising, and startups building AI-native law firms are emerging. That momentum leaves investors and companies weighing which business models can endure if funding conditions change.
EvenUp began by helping plaintiff-side lawyers draft demand letters. Over the past 18 months, it has expanded its software to cover case management from intake through resolution. The broader product suite has not changed the company’s focus: personal injury law.
That approach differs from companies such as Harvey and Legora, whose products target a wider range of customers, including large law firms and multinational corporations. Karabibar says deepening its offering around one practice area can help EvenUp become part of how clients operate, rather than remain a standalone tool. The company’s recurring revenue and law firm customer count point to meaningful scale, though they do not remove the uncertainty surrounding legal AI valuations and funding.
Harvey holds early IPO discussions with law firm
Capital markets are also entering the picture for legal AI companies. Harvey has held early discussions about an IPO with lawyers at Latham & Watkins. The reported contact is preliminary; it does not mean the company has set a listing date or finalized plans to go public.
Early-stage venture firm Lerer Hippeau is meanwhile backing Blackletter, a new law firm founded by former executives from Cohere and Blue J. The venture reflects the changing lines between legal service providers and technology startups. In Singapore, two university students have also founded a legal tech startup to help law firms assess and adopt related tools.
Herbert Smith Freehills Kramer puts executives to work with AI tools
Large law firms are experimenting with new approaches to internal training. Before the start of the new academic year, Herbert Smith Freehills Kramer took 31 members of the firm to Stanford University in Palo Alto, California, for a three-day management program. The firm’s chief AI officer, Ilona Logvinova, wanted leaders to step outside their daily legal work and consider technology and client needs from an entrepreneurial perspective.
The first day focused on the state of AI. Participants heard from legal tech founders, an OpenAI representative, Stanford researchers and corporate general counsel. Discussions covered how the technology might develop and how client expectations of outside counsel could change. On the second day, executives tried AI tools developed at Stanford. One aimed to turn lawyers’ professional know-how into instructions that autonomous agents could carry out.
Logvinova described the gap the training seeks to address as an “imagination gap”: people may know what technology could do but still struggle to apply it in their work. Adam Sterling, associate dean at Stanford Law School, said the university also wanted to see how lawyers use technology in practice, rather than discuss it only in theory. Working with practitioners can help faculty understand the industry students are about to enter and how it is changing.
The program also served as a preview of Stanford’s planned Legal Engineering Academy, due to launch next summer. Recent funding, product expansion and law firm training efforts each point to a practical test for legal AI: whether new tools can fit into specific legal workflows and address needs already raised by firms and their clients.