Everlaw reveals series D funding to fuel product innovation and client success for law firms

The platform uses machine learning and artificial intelligence to identify evidence

Everlaw reveals series D funding to fuel product innovation and client success for law firms
AJ Shankar is the founder and CEO of Everlaw

Cloud-based eDiscovery and investigation platform Everlaw has announced a $202M Series D funding to increase the rate of product innovation and continue to scale-out support, training teams, programs, and customer success.

“We are aiming to increase the rate of product development, delivering more capabilities faster — such as our recent legal holds feature, our Slack and Microsoft Office 365 connectors, or early case assessment solutions,” says Everlaw founder and CEO AJ Shankar.

Everlaw assists law firms, corporations, and government agencies in uncovering the “needle-in-a-haystack” pieces of information for an investigation by combining speed and security to investigate issues more thoroughly and get better results.

Using advanced technology like machine learning and artificial intelligence in document clustering and coding features, Shankar says the platform mines through data, identifying pieces of evidence.

He says the investment will better continue to meet the needs of legal professionals and do so quickly and efficiently in two primary areas — product innovation and customer success.

“Legal professionals are faced with a nearly impossible task to sort through an ever-exploding amount of digital data, with the same or fewer resources than before, to find the truth. Everlaw is a truth-finding, data-mining machine that makes their work faster and easier than ever before.”

The investment follows a year of 80 per cent growth for Everlaw as the legal industry undergoes a rapid digital transformation, and Shankar says the platform is looking to accelerate its growth and momentum even further. “We’ve had a year of 80 per cent growth and our case volumes have more than doubled since our last funding round in March 2020.”

Recent articles & video

Legal industry managers expect pay for lawyers, other industry professionals to rise: report

Poonam Puri on the role of in-house counsel in navigating ESG

Privacy Commissioner’s Annual Reports on Access to Information and Privacy Act tabled in parliament

Ontario Superior Court refuses to remove estate trustees despite breach of fiduciary duties

Alberta Court of King’s Bench dismisses habeas corpus application in child custody dispute

Ontario court orders return of deposit after buyer fails to complete property deal due to bankruptcy

Most Read Articles

Alberta Court of King's Bench orders sale of estate lands, ending 30-year dispute among heirs

Airlines must reimburse passengers according to federal regulations, SCC rules

BC lawyer admits to sexual misconduct, resigns from practice two weeks after announcing retirement

Kinew's convenient amnesia: defence lawyers are crucial, even for him