
PERSUIT
Enabling collaboration between corporates and legal services providers.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
* | $20.0m | Series A | |
Total Funding | 000k |
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PERSUIT operates as an enterprise platform that revolutionizes the way corporate legal departments engage with outside counsel. By facilitating a competitive process for sourcing legal services, PERSUIT helps clients achieve true market prices and high-quality work. The platform is designed to eliminate manual processes and streamline the Request for Proposal (RFP) process, centralizing outside counsel engagements in one place. This allows legal teams to focus on delivering high-value results rather than getting bogged down in administrative tasks. PERSUIT primarily serves Fortune 500 companies and other large enterprises, providing them with tools to automate their Alternative Fee Arrangement (AFA) programs and optimize legal spend. The business model is based on a subscription service, where clients pay for access to the platform and its features. PERSUIT makes money by offering a scalable solution that reduces outside legal spend by an average of 37%, saving clients millions per year.
Keywords: legal tech, RFP automation, outside counsel, cost optimization, Fortune 500, legal spend, AFA programs, enterprise platform, legal departments, competitive sourcing.
Tech stack
Investments by PERSUIT
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