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Rocket Lawyer Raises $18.5M; Google Ventures Is Among the Investors

Posted Aug 11, 2011 11:03 AM CDT
By Debra Cassens Weiss

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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.

Also see:

Legal Rebels: "Google’s Investment in RocketLawyer Will Accelerate the Google Maps-ization of Law"

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