Lawfty Announces Strategic Investment from The LegalTech Fund

Investment comes as the data-driven personal injury firm is experiencing rapid growth in case volume.

NEW YORK--(BUSINESS WIRE)--Lawfty, the data-driven personal injury law firm and technology company, today announced a strategic investment from The LegalTech Fund (TLTF), the venture firm focused exclusively on investing in legal technology companies. The investment will support the expansion of the data-driven and AI-enabled infrastructure behind Lawfty’s model and commitment to helping injured individuals nationwide.

Founded in 2013, Lawfty applies over a decade of proprietary case-outcome data, paired with its nationwide team of over 100 hand-selected partner firms who demonstrate real commitment to client outcomes, to provide injured people a smarter way to maximize their settlement.

Injured individuals rarely know which firm is right for their case, and outcomes vary widely depending on who happens to answer the phone or which firm is advertising the loudest. When an injured person reaches out to Lawfty, it draws on data from its more than 80,000 combined cases to identify patterns in how similar cases have transpired, and how firms perform on specific case types, then uses that to enlist the attorney best positioned to win each specific case. The goal is a bigger settlement, reached faster, because the case starts with the right legal team and the right strategy. The model is working: Lawfty has recovered more than $1B to date for its clients and is experiencing rapid growth in case volume as injured parties are increasingly looking for better outcomes.

"Injured people don’t have time for a legal system that runs on guesswork," said Todd Richheimer, CEO of Lawfty. "Every decision we make, from which attorney takes a case to how we handle the first phone call, is informed by more than a decade of real case outcomes. This investment lets us push that further, so more people get the representation their case deserves, an outcome that’s favorable, and the support they need along the way."

"We believe in supporting companies that bring data, technology, and accountability to parts of the legal industry that have long operated without them. As our first new investment at the growth stage, Lawfty fits squarely within our thesis," said Gordon Crenshaw, Partner at The LegalTech Fund. "We’re investing because Lawfty has proven that data and AI can measurably improve outcomes for injured people at national scale, and we want to help them do more of that important work."

The investment follows a year of momentum for Lawfty. Over the last year, the firm has been expanding its legal intake using AI-powered intake infrastructure to handle high-volume inquiries from first contact through qualification, enriching its full-funnel dataset to further its ability to apply real-case insights instantly, building out its nationwide network with more partners with deeper specializations, and leveraging its forward-thinking, agile business structure to navigate the evolving legal landscape. These are just some examples of how Lawfty is both deploying and building the systems to grow while keeping decision quality and client experience consistent.

About Lawfty

Lawfty is a data-powered personal injury law firm founded in 2013. Operating as a hybrid between a technology company and a law firm, Lawfty uses proprietary AI and 14 years of case data to connect injured clients with the right legal representation -- faster and more effectively than traditional firms. Its platform acquires, evaluates, and distributes personal injury cases to a nationwide network of partner law firms, co-signing every case alongside its partners, ensuring each client is matched to the firm best suited to maximize their outcome. Lawfty has built one of the most sophisticated case acquisition, placement, and prediction engines in the legal industry. Learn more at lawfty.com.

About The LegalTech Fund

Founded in 2021, The LegalTech Fund is the first venture fund solely dedicated to backing companies transforming the legal industry. TLTF invests globally in legal technology leaders, helping founders reimagine how legal services are practiced, accessed, and delivered. With a network spanning law firms, corporates, and innovators, and initiatives such as the TLTF Summit and The LegalTech Lab, TLTF is shaping the next decade of legal innovation. Learn more at legaltech.com.