Nicholas d’Adhemar: Apperio
The platform helping the likes of Dentons and Octopus Investments access more transparent legal fee information
Nicholas d’Adhemar, 35
Unhappy with the “opaque and complex” nature of legal fees, former lawyer Nicholas d’Adhemar decided to do something about the average 130-day payment period and 84% recovery rates that damage both law firms and their clients – who find it difficult to understand and budget for legal work.
In 2013, he left his day job and founded Startups 100-listed Apperio, an online analytics dashboard that offers both parties access to transparent, real-time information on legal fees and identifies areas for improved efficiency. Since launch in 2014, the company has formed partnerships with 22 of the 100 top UK law firms including Dentons, Olswang, DAC Beachcroft and Norton Rose Fulbright, as well as 15 corporate clients such as Octopus Investments, Simply Business and August Equity. In this time, it has also monitored more than £37m in legal fees through its system.
In March, Apperio secured £1.7m in a seed funding round led by Notion Capital (with participation from IQ Capital and NextLaw Labs), which it used to grow its core team and bolster its products. With its first US customers on board and following the hiring of Huddle’s former director of engineering Stephen Wilcock as chief technology officer, d’Adhemar plans to attract more talent and double the size of Apperio’s team over the next 12 months.
Image ©Peter Searle.