Q2 2023 momentum sparked by continued expansion into new legal solutions and strategic investment from Bessemer Venture Partners
BROOKLYN, N.Y.--(BUSINESS WIRE)--Litify, the legal industry’s leading operating platform for law firms and in-house legal departments, today announced the most successful quarter in the company’s history as they also appoint software executive Curtis Brewer as CEO.
In the second quarter of 2023, Litify achieved a record amount of growth while continuing to expand profitability. The significant momentum comes on the heels of Bessemer Venture Partner’s investment in the company in February 2023. The investment accelerated Litify’s expansion into big law, insurance defense, in-house legal departments, government agencies, and nonprofit legal teams, building upon the company's expertise in litigation and personal injury law.
The legaltech company looks to further accelerate its growth through the appointment of software executive Curtis Brewer as CEO. Brewer brings deep expertise in scaling and operating vertical software businesses, with an impressive track record in delivering a platform approach to fragmented industries. Prior to joining Litify, Brewer served as CEO of Davisware, a leading ERP software company for commercial field service providers. He also previously worked on the executive team for TravelClick, leading the reinvention of its hospitality Central Reservations and CRM divisions. From these experiences, Brewer brings a needed perspective to legal as the industry continues to move toward platformization, interoperability, and cloud-based digital transformation.
“Litify stands out to me as a modern software solution for legal that’s flexible enough to support the needs of the entire industry. My expertise is in taking a platform-based technology approach that delivers customer value through unique insights and automation. The team at Litify has been on a mission to do just that for legal, and I’m eager to join and share my experience,” said Curtis Brewer.
While there has been a lot of progress toward technology adoption in legal over the last few decades, there’s still work to do to move toward platformization. Going forward, this shift has become increasingly important in the face of new innovations such as artificial intelligence. According to a recent report from Litify on the State of AI in 2023, 60% of respondents don’t believe the sector is ready to use artificial intelligence tools to their full extent or capability. The first step toward AI preparedness will be the adoption of centralized platform technology.
“I’m thrilled to welcome Curtis to our team after such a tremendous quarter. His expertise and proven track record in scaling high-growth technology companies will help Litify bring more direct value to our customers through new and innovative offerings. His belief in a platform approach echoes our company’s mission to connect the legal industry and indicates he’s the ideal addition to our team,” said Litify President & COO Ari Treuhaft.
Litify is the end-to-end legal operating platform that breaks down business silos to power better processes, collaboration, insight, and performance. It’s the only platform that offers tailored solutions for law firms, in-house legal teams, government agencies, and nonprofits — to connect the entire legal ecosystem. Built on Salesforce, Litify streamlines and automates matter and task management, document generation, timekeeping, billing, and client communications, while providing data-driven insights that allow law firms and legal teams to scale and improve their financial performance.
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has $20 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).