Wordsmith funding news – Legal Tech Startup Wordsmith Raises €4.6Million in Funding

The legal industry is undergoing a seismic shift in how services are going to be provisioned in the future. The ability to scale legal intelligence at a speed and quality that has never been seen before.

While massive focus has been on platforms for professional services. There is an acute pain for in-house legal teams. Lawyers are too often viewed as a ‘necessary friction’. A risk mitigation that the business needs to accept if they want to operate like an adult. While they bring incredible value, there is little tolerance for the perception that they are slowing down the company.

Read also - Bsure funding news – Oslo-based Bsure Secures $1 million Funding

Wordsmith’s mission is to unlock a real appreciation for the quality and value that lawyers add, without the trade-off that comes with moving slowly or getting in the way. By building backwards from employees and making their experience delightful, meeting them in their workflows so they love using legal.

While the scope of tasks legal teams cover is broad we see incredible opportunity in building safe lawyer-in-the-loop tooling for employees to rapidly get advice. In applying that knowledge to contracts, letting the legal team set policies, control risk and get work routed to them when it's required, and self service when it's not. Giving legal oversight, control and the ability to see everything.

About Wordsmith

Wordsmith was established in 2023 by Robbie Falkenthal, Ross McNairn, and Volodymyr Giginiak as a legal AI workplace platform designed for enterprises. The company hopes to address a significant issue that in-house legal teams frequently face—namely, the burden of managing an excessive amount of repetitive work—with its solution.