Rocket Lawyer Raises $18.5M; Google Ventures Is Among the Investors
Posted Aug 11, 2011 04:03 pm CDT
The online legal document service Rocket Lawyer has raised $18.5 million from a group of investors that includes Google Ventures.
Rocket Lawyer already has 70,000 users a day, Forbes reports. Founder Charley Moore tells the publication that Rocket Lawyer allows consumers to pay for a lawyer to review their documents, making it different from online legal document company LegalZoom.
Consumers can pay Rocket Lawyer $20 for a single consultation or up to $300 a year for on-call legal service, according to Tech Crunch.
Other investors include August Capital and Investor Growth Capital, according to a press release.
Consumer Reports Money Adviser recently put Rocket Lawyer to the test along with two other online legal document companies—LegalZoom and Quicken WillMaker Plus. A reporter created profiles of three different individuals who sought wills from each of the companies, and then asked a law professor to review the results. The findings: All the draft wills were better than nothing, but work best in simple cases.
Legal Rebels: “Google’s Investment in RocketLawyer Will Accelerate the Google Maps-ization of Law”