Burges Salmon advises Legatics on £4m financing round to fuel further expansion
The firm’s Corporate Group has advised Legatics on its latest funding package to boost growth and support expansion plans into the US
The Corporate Group at independent UK law firm Burges Salmon has advised Legatics, a legal project management platform that simplifies and automates legal processes, on its £4 million investment from FINTOP Capital and Gresham House Ventures.
The investment will support Legatics as it targets further growth and expansion into US markets whilst also allowing for the further development of its platforms with new project management capabilities and AI-powered add-ons.
The Burges Salmon team acting for Legatics was led by Corporate partner Alex Lloyd and solicitor Elena Kaltsas-Walker.
Alex Lloyd comments: “It has been a pleasure to work with the Legatics team to secure this important investment which promotes and supports innovation and technology in the legal sector. As lawyers we understand the importance of investing in technologies to enhance the client experience, something our firm is very much committed to, and so we’re excited to see Legatics go from strength to strength as it embarks on the next phase in its growth journey. “
Daniel Porus, Chief Commercial Officer at Legatics, adds: “We’d like to thank Alex and the team at Burges Salmon for getting our financing round over the line. The firm is commercially-minded, has supported us through two successful fundraisings and understood from the get-go what was needed to get the deal done.”
Burges Salmon has a strong Corporate practice in the UK, acting on high value and complex transactions, and supporting fast growing companies with their growth ambitions. Over the past year, the team has advised on over 110 transactions for domestic and international clients, particularly in the energy, healthcare, life sciences and financial services sectors.