LawBite

Summary

LawBite is a Lawtech enterprise on a mission to solve a £13bn problem by democratising the delivery of business law. Since launching in 2013, the platform has addressed over 26,000 SME legal enquiries through its regulated law firm (LawBriefs) with 50 lawyers, delivering fast, affordable advice.

• Value for money: typically half the cost of comparable lawyer services
• Efficient:currently convert 70% Enquiries to Quote,70% Quotes to Order
• Potential Reach: 500k+ SMEs via Revolut, Hiscox, Starling and Stripe
• International: Platform for SME Legal Hub with a major law firm

Idea

LawBite aims to take SMEs from law they know, to the law they need.

5.8 million UK SMEs (99% of private sector companies) lose £13.8bn p/a from failure to take care of their legal needs. Good legal advice can be a catalyst for growth. We believe it should be a basic business right; easy to access, understand and afford.

LawBite's software uses tech and data science to provide fixed price legal advice and improve efficiencies for clients and lawyers. We operate a virtual network of lawyers through our SRA regulated firm each averaging 15yrs' experience, typically costing 50% less than comparable lawyers from conventional law firms.

Since launch in 2013, we've achieved:

• 98% Feefo rating (230+ customer reviews)
• 70% repeat business monthly
• Agreements with Hiscox, Starling, Stripe to integrate LawBit tech & fixed price offering into their customer workflow, signed MOU for UK pilot with Revolut.

We now aim to scale through partnerships to reach large SME audiences, who already spend £9bn/year on legal services. By creating an SME international hub, we will target UK SME's to access legal services needed to grow overseas, in one platform. We have secured a partnership with city law firm Taylor Vinters to onboard lawyers to our platform in up to 70 countries.

Funds will be used to integrate Taylor Vinters, onboard new partnerships, platform development and marketing/sales team growth.

Team

Clive Rich - Founder, Chairman and CEO

Clive is a Barrister, Mediator, negotiator and arbitrator. He has previously run digital divisions for Bertelsmann and post-merger with Sony and authored 'Law for Small Business for Dummies' and 'The Yes Book - the art of better negotiation' on Random House. He felt that SMEs were poorly served by the existing legal system and decided to create a Tech Platform that would give them law the way that they want it - fast, easy to access, and affordable.

Greig Hilton - MD

Greig worked at Disney as Head of Finance Ventures and has twice taken technology companies from Growth stage to Exit as a C-level executive.

Louis Bacon - COO

A Ruby on Rails developer with extensive experience who has managed large in-house and remote software teams and is developing Version 2 of the LawBite Platform.

James Robins - CSMO

Delivered high-velocity sales growth in the UK/US at two US tech companies that have exited (SpinVox and GoCanvas).

Says Greig: "James Louis & I joined LawBite to disrupt a slow and stuffy industry with a dynamic new service every business needs".

Richard Royce - COO and Product Owner

Started the company with Clive. Designed and managed the Platform build, with a background in customer service and sales logistics at Tetrapak.

Non Execs include Damon Mannion who has recently sold his AI company to Twitter.