People’s Champion finalist 2016: Lexoo
The legal marketplace for small businesses has already seen thousands of companies receive quotes from pre-screened lawyers. Does it get your vote?
Start-up name: Lexoo
Founders: Daniel van Binsbergen
Started in: February 2014
Based in: London
Business description: Legal marketplace for small businesses
The Lexoo story:
When people treat you like a recommendation engine, you might as well behave like one – and make some money out of it in the process.
Practicing lawyer Daniel van Binsbergen was asked so often by entrepreneurial friends for lawyers he might recommend to suit their needs that he created Lexoo.
The platform gives entrepreneurs and small-to-mid sized businesses access to the specialist legal advice they need. Companies post a request on the site and are provided with competitive quotes from a handful of qualified lawyers.
Named a Startups 100 company in 2016, Lexoo claims it can save businesses an average of 46% on the cost of connecting with talented independent lawyers.
More than 8,000 businesses have already used the service and it has grown at a rate of 300% year-on-year in a market said to be worth $17.2bn each year and rising.
The platform has accepted more than 200 pre-screened lawyers, with the majority based in England, but also in Ireland, Scotland, Northern Ireland, Holland, Portugal, Belgium, the US and Australia.
Why Lexoo made our shortlist:
Stacks of positive testimonials, client wins and more than solid financial figures make Lexoo a strong contender for the category. There’s also plenty of ambition, with listed companies and full coverage in every major legal market the target for the fast-growth marketplace.