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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 for its services, which is appealing 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
- Partnership with Adyen optimizes payment processes, enhancing customer experience.
- Acquisition of Formation Nation expands small business solutions and boosts financial performance.
- Growing demand for online legal services supports LegalZoom's business model.
What critics are saying
- Shareholder investigations may lead to reputational damage and financial liabilities.
- CEO departure creates strategic uncertainty and affects investor confidence.
- Emerging legal tech startups with AI-driven services threaten LegalZoom's market share.
What makes LegalZoom unique
- LegalZoom offers flat-rate fees, providing predictable costs for legal services.
- The company integrates technology with legal expertise, enhancing accessibility and efficiency.
- LegalZoom's satisfaction guarantee ensures customer trust and loyalty.
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Funding
Total Funding
$951M
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
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%San Francisco, CA, April 8, 2025 - Adyen, the global financial technology platform of choice for leading businesses, has partnered with LegalZoom, a leading online platform for legal services, to optimize its payments processes.
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
LegalZoom is Hiring for 26 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 26 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to LegalZoom