Investors in the latest funding round include: Brian Lee, the co-founder of Legal Zoom and David Nazarian, an early investor in Qualcomm. The company has now raised a total of $5.7m since 2016. Meanwhile well-known West Coast law firm Irell & Manella has become the latest law firm user of the system.
Gavelytics told Artificial Lawyer that ‘the funding will be used to increase staffing, including the hire of additional data science engineers. It will also support the development and roll-out of new product features, several of which will launch in the coming weeks’.
Gavelytics’ plan is to continue expanding, focusing first on pushing into other major California legal markets, and then nationally, they added.
Founder and CEO, Rick Merrill also added that Gavelytics’ platform is ‘nowhere close to done.’
‘We have received incredible user feedback on the existing technology, but as the product continues to evolve, it’s really going to become an essential research tool for litigators,’ he added.
Artificial Lawyer recently featured the Californian company which ‘highlights the vast differences between judges by tracking how each judge tends to rule on over 100 types of motions’.
It also shows how quickly judges move through their cases and how frequently lawyers file peremptory challenges against them. In September 2017, Gavelytics launched its coverage of Los Angeles County Superior Court, the largest and most active state, civil trial court system in the US.
‘Based on my experience as a big firm lawyer and as the co-founder of LegalZoom, I recognized Gavelytics as a truly exciting business that solves a real problem faced by lawyers every day,’ key investor Lee said.
Merrill, founder and CEO of Gavelytics, added: ‘We are excited to see such an enthusiastic response in the market. The financial support we have received from these investor heavyweights not only reflects the broader sea change happening in the legal sector, but it also validates Gavelytics’ unique position in the market. This level of insight regarding state trial court judges simply cannot be found anywhere else.’
In other news, Gavelytics also announced a partnership with Western Center on Law & Poverty. Gavelytics is providing free access to its judicial analytics platform for Western Center’s pro bono advocates.