User:Armenshirazd/Lawpath

Lawpath is an Australian online legal startup based in Sydney, Australia. Lawpath operates on a software-as-a-service, subscription-based business model. Lawpath serves small and medium-sized enterprises, startups and individuals with services including legal documents, customised legal workflows, business registration, e-signatures and on-demand lawyers. Lawpath serves customers across Australia, New Zealand, South-East Asia and the United States.

History
Lawpath was founded in 2013 by Dominic Woolrych, Tom Willis, Damien Andreasen, Paul Lupson and Phil Morle. The founders sought to offer a cheaper alternative to traditional law firms, addressing issues associated with the cost and complexity of legal advice.

In 2013, Lawpath's revenue was approximately $50,000.

Through its partnership with LexisNexis, Lawpath provides customisable legal documents for users.

In April 2016, Lawpath announced a strategic alliance with Norton Rose Fulbright with the aim of using LawPath's technology and distribution platform to provide premium legal services to small and medium businesses.

The startup recorded 140% revenue growth for the 2020-21 financial year.

In October 2021, the company announced the appointment of Tony Faure as chairman, who also serves as the chairman of ASX listed oOh!media and Readytech.

In December 2021, Lawpath announced an expansion of its accounting services through a partnership with accounting company, POP Business.

During the COVID-19 pandemic, Lawpath saw an increase in demand for its business registration and legal plan subscriptions as people launched side jobs.

The startup launched its platform in the United States on 15 September 2022. Its competitors in the US include LegalZoom and Rocket Lawyer.

Lawpath's services are used mainly by businesses under $5 million in revenue, with up to 20 employees, of which approximately 40% work in online sectors, including e-commerce and the gig economy. Lawpath claims that its services are used by over 300,000 businesses, and that it helps form 6% of new companies in Australia.

Lawpath's partners include Canva, Tyro, Salesforce, AWS, Shopify, MYOB, Xero and POP Business.

Legal Documents
Lawpath's platform provides online legal documents for individuals, small and medium-sized enterprises and startups ranging from employment agreements to wills. Its legal documents are available to Lawpath's subscribers, providing access to a library of over 400 documents.

Lawpath's legal document library was the original premise of the company, and has since expanded to include various other services.

Legal Health Check
The company's Legal Health Check service analyses business’ legal gaps through questions regarding the structure and services a business provides. Its technology assesses the data provided and recommends one of its services to help improve the business' legal compliance.

On-Demand Services
Lawpath offers on-demand legal services for customers who need advice from a lawyer or would like a document they have created on the platform reviewed. Customers can obtain fixed-price quotes from Lawpath's legal marketplace of over 800 lawyers.

Funding
In October 2015, Lawpath completed a $1.3 million capital raising.

In July 2018, LegalZoom led a $1.8 million investment round in Lawpath, in exchange for undisclosed percentage of the business.

$4.4m funding round.

Lawpath completed a $7.5m capital raise in September 2021 with an aim of expanding into new markets, including New Zealand and Southeast Asia.

Awards and recognition

 * In 2015, Anthill Magazine recognised Lawpath in its 'SMART 100' index of Australia’s 100 most innovative products.
 * In 2018, Lawpath was recognised by Westpac as a Business of Tomorrow.
 * In 2020, Deloitte listed Lawpath in its Technology Fast 500 Asia Pacific and Fast 50 Australia rankings.
 * In 2021, Lawpath won the ABA100 SaaS Innovation Award.
 * In 2021, Lawpath's Chief of Staff was recognised as a Women in Law Finalist.