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About Casetext
Industries
AI & Machine Learning
Legal
Company Size
51-200
Company Stage
Acquired
Total Funding
$62.5M
Headquarters
San Francisco, California
Founded
2013
Overview
Casetext provides a legal research platform that helps legal professionals conduct research and prepare legal documents more efficiently. Its main product offers access to a large database of legal documents, including cases, statutes, and briefs from all jurisdictions in the U.S. The platform features advanced A.I. search capabilities, allowing users to quickly find relevant legal information. Additionally, Casetext includes a tool called "Compose" that automates the drafting of legal briefs, handling repetitive tasks so that users can focus on more complex legal issues. Unlike its competitors, Casetext offers a subscription model that is more affordable, charging $65 per user per month, and provides a 14-day free trial for new users. The goal of Casetext is to make legal research and document preparation more efficient and accessible for law firms, corporate legal departments, and individual practitioners.
Simplify's Take
What believers are saying
- Integration with Thomson Reuters could expand Casetext's market reach significantly.
- CoCounsel's Timeline feature enhances case management, attracting more users.
- Recognition for 'Best Use of AI' boosts Casetext's credibility in legal tech.
What critics are saying
- Integration with Thomson Reuters may disrupt Casetext's unique offerings.
- Acquisition could shift company culture, alienating existing customers.
- Increased competition from AI-driven platforms pressures Casetext to innovate.
What makes Casetext unique
- Casetext offers AI-powered contextual search, enhancing legal research efficiency.
- Compose tool automates brief drafting, reducing repetitive tasks for legal professionals.
- Casetext provides a comprehensive legal database, covering all 50 states and federal jurisdictions.
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Funding
Total Funding
$62.5M
Above
Industry Average
Funded Over
5 Rounds
SV Angel
BoxGroup
Y CombinatorCompany News
He became vice president of Maine Bonding and Casualty Co., which merged with Fidelity & Deposit, where he became Maine branch manager.
It was March 1, 2023, that Casetext launched CoCounsel, a product developed in partnership with OpenAI that uses the GPT-4 large language model to assist lawyers with a variety of tasks.
Casetext was also awarded "Best Use of Artificial Intelligence" for CoCounsel and its e-discovery and litigation capabilities.
The company's recent actions include the $650 million cash acquisition of California-based AI company Casetext and a raised bid to acquire Sweden's Pagero Group.
Today Casetext announced that a new feature called Timeline is available in CoCounsel.
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About Casetext
Industries
AI & Machine Learning
Legal
Company Size
51-200
Company Stage
Acquired
Total Funding
$62.5M
Headquarters
San Francisco, California
Founded
2013
There are no jobs for Casetext right now.
Find jobs on Simplify and start your career today