# LawTrades

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lawtrades

- Industry: Software
- Headquarters: Astoria, US
- Website: www.lawtrades.com
- Total disclosed funding: $7.9M
- Latest round: Series A (Jan 14, 2022)
- Investors on record: 6

## About

LawTrades is a tech-enabled platform that connects legal departments with on-demand legal talent, offering innovative solutions to manage legal work efficiently and effectively.Founded in 2016 and based in Astoria, US, LawTrades specializes in connecting legal departments with freelance legal professionals. The company has successfully completed 2 funding deals, with the most recent being a Series A round on January 14, 2022, during which they raised USD 6.000 mn led by Four Cities Capital, alongside participation from Draper Associates and 500 Global. The founders, Ashish Walia and Raad Ahmed, have a history of building businesses in the tech and legal space, with Raad Ahmed currently serving as the CEO.LawTrades offers a tech-enabled platform that connects legal departments with a curated network of on-demand legal talent, catering to diverse needs in the legal marketplace. The core services include flexible hiring solutions for corporate lawyers, paralegals, compliance professionals, and legal operations managers across various practice areas such as corporate law, intellectual property, labor and employment, and regulatory compliance. This platform enables clients, ranging from startups to Fortune 500 companies, to efficiently manage their legal work overflow, scale operations, and enhance their legal strategies through expert insights and resources. LawTrades serves clients across North America, Europe, and select regions in Asia, facilitating a seamless integration of legal talent into organizations regardless of location.LawTrades generates revenue through a subscription-based model that allows client companies to access its platform and hire legal professionals on demand. Clients can choose from various pricing plans tailored to their specific needs, including options for hourly engagements and project-based contracts. The transactions typically involve direct relationships between the firm and its clients, where businesses pay for the services rendered by legal professionals sourced through the platform. LawTrades emphasizes cost-effectiveness by reducing traditional law firm rates, enabling companies to better manage their legal budgets while maintaining access to high-quality legal expertise. The company's offerings include services specifically designed to address compliance, contract management, and corporate governance, ensuring clients have the resources necessary to navigate complex legal landscapes efficiently.In January 2022, LawTrades, Inc. raised USD 6.000 mn in Series A funding led by Four Cities Capital. The company plans to utilize the funds to rebrand, expand into other professional categories, and hire personnel across product, support, and sales departments. Targeting expansion into new markets, LawTrades aims to establish a stronger presence in Europe and Asia by the end of 2023, enhancing its service offerings to meet diverse legal demands and client needs.

## Funding rounds

- Series A, Jan 14, 2022, $6M — 500 Global, Draper, Four Cities Capital
- Seed, Oct 28, 2016, $1.9M — 500 Global, Graph Ventures, AngelList, Draper, First Ascent Associates

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- Graph Ventures (https://capitalatlas.ai/funds/graph-ventures) — Seed
- AngelList — Seed
- Draper (https://capitalatlas.ai/funds/draper) — Seed, Series A
- First Ascent Associates — Seed
- Four Cities Capital (https://capitalatlas.ai/funds/four-cities-capital) — Series A