Lawpath Secures Funds to Support SMBs with New Services
Lawpath, Australia's leading online legal services provider, has secured an additional A$10 million in funding, led by Westpac Bank. This investment will fuel the advancement of Lawpath's AI-driven legal solutions and support the expansion of its services for small and medium-sized businesses (SMBs).
Since its inception in 2014, Lawpath has empowered over 500,000 businesses and facilitated the incorporation of 7% of all Australian businesses. The company is now introducing an enhanced legal AI suite, leveraging technologies from Amazon Web Services and Anthropic, to provide SMBs with efficient and cost-effective legal support.
In addition to its legal services, Lawpath is expanding into accounting services, aiming to offer a comprehensive platform for SMBs to manage their professional needs. This strategic move aligns with the company's mission to make legal and professional services more accessible and affordable.
Dominic Woolrych, CEO of Lawpath, stated, "Our ambition is to make the law more accessible to small businesses and support them with a broad range of services to help them thrive. Our partnership with Westpac marks a significant milestone in our mission to revolutionise how businesses access legal and professional services."
This funding and the development of AI-driven solutions underscore Lawpath's commitment to transforming the landscape of legal and professional services for SMBs.
About Lawpath
Founded in 2014, Lawpath is Australia's largest online legal platform for businesses and individuals. The company offers a cloud-based platform that allows users to create, manage, and electronically sign various legal documents, including non-disclosure agreements, employment contracts, lease agreements, and privacy policies compliant with GDPR and CCPA. Lawpath's mission is to make legal support more accessible, efficient, and affordable for small businesses.
About Westpac
Westpac Banking Corporation, established in 1817, is Australia's first bank and oldest company. As one of the country's major banking organisations, Westpac provides a broad range of consumer, business, and institutional banking and wealth management services through a portfolio of financial services brands and businesses.
