Filevine

Filevine

AI-powered platform for legal operations

About Filevine

Simplify's Rating
Why Filevine is rated
B+
Rated C on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

AI & Machine Learning

Legal

Company Size

501-1,000

Company Stage

Series D

Total Funding

$414M

Headquarters

Provo, Utah

Founded

2015

Overview

Filevine provides an AI-powered platform designed to improve the efficiency of law firms. The software includes features that help reduce repetitive tasks, draft documents using case data, and manage documents easily. It also offers tools for invoicing, timesheet reviews, and time tracking, which assist law firms in optimizing their workflow and saving resources. Additionally, Filevine includes AI-enhanced tools for client intake and lead management, helping firms convert leads into clients and improve their marketing strategies. The platform supports eSignature capabilities for easy document signing. Unlike many competitors, Filevine's software is specifically tailored by lawyers for lawyers, ensuring it meets the unique needs of the legal profession. The goal of Filevine is to streamline legal operations, allowing law firms to focus more on their clients and less on administrative tasks.

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Simplify's Take

What believers are saying

  • Filevine's AI tools like Depo CoPilot enhance productivity for litigation attorneys.
  • The partnership with Domo provides clients with actionable real-time data insights.
  • Filevine's record ARR growth indicates strong market demand and customer trust.

What critics are saying

  • Increased competition from similar AI-powered legal tech startups could affect market share.
  • Potential data privacy concerns with AI tools may lead to regulatory scrutiny.
  • Economic downturns could reduce law firms' budgets for software subscriptions.

What makes Filevine unique

  • Filevine offers a comprehensive AI-powered platform tailored for legal professionals.
  • The platform integrates real-time data analytics for enhanced decision-making in legal workflows.
  • Filevine's eSignature and document management tools streamline legal operations efficiently.

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Funding

Total Funding

$414M

Above

Industry Average

Funded Over

7 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$108M
Filevine

Benefits

Medical, dental, & vision insurance

Parental leave

Disability insurance

Ergonomic and height-adjustable workstations

Weekly taco lunches

Flexible hybrid work schedules

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-7%
GlobeNewswire
Nov 1st, 2024
Vinesign Launches Powerful Public API, Empowering Businesses to Seamlessly Integrate E-Signature Solutions into Their Workflow

Salt Lake City, UT, Nov. 01, 2024 (GLOBE NEWSWIRE) - Vinesign by Filevine, a leader in electronic signature technology, today announced the launch of its new Public API designed to enhance business efficiency and productivity by allowing seamless integration of its e-signature solutions into existing digital ecosystems.

GlobeNewswire
Sep 12th, 2024
Filevine Revolutionizes Depositions with Depo CoPilot, an AI-Powered Second Chair for Litigation Attorneys

Salt Lake City, UT, Sept. 12, 2024 (GLOBE NEWSWIRE) - Filevine, a leading innovator in legal technology, today announced the launch of Depo CoPilot(TM), a groundbreaking AI-powered assistant that acts as a virtual second chair for attorneys during depositions.

Legal Tech Daily
Sep 3rd, 2024
Filevine Recognized Among the Fastest Growing Private Companies for 5th Year

This past year, Filevine was also named Practice Management Innovator of the Year by Theorem Legal, further cementing its position as a leader in legal technology.

Business Wire
May 16th, 2024
Filevine Leverages Domo To Bring Real-Time Data To Law Firms

SILICON SLOPES, Utah--(BUSINESS WIRE)--Filevine, the leading operating platform for legal, has partnered with Domo (Nasdaq: DOMO) to help deliver actionable business analytics and insights to its customers. With more than 3,500 clients, including some of the largest law firms in the country, Filevine uses Domo Everywhere to publish detailed dashboards for customers, allowing them to access analytics right where their workflows already exist. Domo’s cloud-based platform arms Filevine customers from coast to coast with the real-time data needed to multiply their impact, infusing actionable data directly into daily decisions. Underpinned by a framework of flexible artificial intelligence (AI) services, Domo makes it possible for companies to leverage, extend, take action and automate actions on their corporate data – all while applying AI securely, transparently and with the proper permissions. Filevine facilitates everything from document management and client communication to contract lifecycle management and business analytics for the firms it serves. The company’s AI solutions are dedicated to empowering law firms and legal teams with tools to simplify and elevate complex, high-stakes legal work

Business Wire
May 16th, 2024
Filevine Leverages Domo to Bring Real-Time Data to Law Firms

To learn more about how innovative organizations like Filevine are partnering with Domo to put data to work for everyone, visit www.domo.com/partners.

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