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About LegalZoom
Industries
Legal
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Glendale, California
Founded
2001
Overview
LegalZoom provides online legal services to individuals, families, and small businesses across the United States. Its platform allows users to create legal documents, form businesses, and receive legal advice without needing to visit a lawyer's office. Services include business formation (like LLCs and corporations), estate planning (wills, living trusts, powers of attorney), and intellectual property protection (trademarks). LegalZoom operates on a flat-rate fee model, offering predictable pricing that appeals to clients seeking affordable legal help. The company also partners with independent attorneys for consultations, enhancing its service offerings. LegalZoom's goal is to make legal processes more accessible and affordable, having already assisted over 2 million businesses and created 3.5 million estate planning documents.
Simplify's Take
What believers are saying
- Acquisition of Formation Nation enhances customer service and expands small business solutions.
- Growing demand for online legal services aligns with LegalZoom's digital offerings.
- Integration of AI in legal tech could reduce costs and increase efficiency for LegalZoom.
What critics are saying
- CEO departure and leadership transition may cause strategic misalignments or disruptions.
- Ongoing shareholder investigations could lead to legal challenges and financial liabilities.
- Increased competition from new online legal service providers may erode market share.
What makes LegalZoom unique
- LegalZoom offers flat-rate fees, making legal services predictable and affordable.
- The company provides a user-friendly online platform for legal document creation and advice.
- LegalZoom partners with independent attorneys, enhancing value with professional consultations.
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Funding
Total Funding
$108M
Above
Industry Average
Funded Over
4 Rounds
Kleiner PerkinsBenefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Paid Time Off
Health Savings Account/Flexible Spending Account
Short-Term/Long-Term Disability Insurance
Fertility Treatment Support
Mental Health Support
Wellness Program
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↑ 0%Additionally, LegalZoom announced the acquisition of Formation Nation, which is expected to positively contribute to adjusted EBITDA.
LegalZoom is one of the Best Ask Lawyers Services for Business Owners because of its simplicity.
LegalZoom announced its acquisition of Formation Nation for $49 million in cash and 2.2 million restricted shares, with an additional $15 million subject to a one-year holdback. This move aims to enhance LegalZoom's customer service and expand its small business solutions. The acquisition is expected to positively impact Adjusted EBITDA and earnings per share in the first year. LegalZoom also reported preliminary 2024 financial results, with revenue of $682 million and net income of $30 million.
NEW YORK, Jan. 2, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating LegalZoom.com, Inc. (NASDAQ: LZ) on behalf of the company's shareholders. The investigation seeks to determine whether LegalZoom.com's directors breached their fiduciary duties in connection with recent corporate actions.If you are a shareholder of LegalZoom.com, Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https://pjlfirm.com/legalzoom-com-inc/You may also contact Robert H. Lefkowitz, Esq
SAN DIEGO, Dec. 18, 2024 /PRNewswire/ -- Shareholder rights law firm Robbins LLP is investigating LegalZoom.com, Inc. (NASDAQ: LZ) to determine whether certain LegalZoom.com officers and directors violated securities laws and breached fiduciary duties to shareholders. LegalZoom.com, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States.What Now: If you own shares of LegalZoom.com, Inc. and have lost money in your investment, contact us for more information about your rights.All representation is on a contingency fee basis. Shareholders pay no fees or expenses.Contact us to learn more:Aaron Dumas, Jr.(800) 350-6003[email protected]Shareholder Information FormAbout Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002
LegalZoom is Hiring for 15 Jobs on Simplify!
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About LegalZoom
Industries
Legal
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Glendale, California
Founded
2001
LegalZoom is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today