Online legal services startup LegalVision has announced the acquisition of Capacity HQ, a curated marketplace of consultant lawyers.
The sum of the deal was not disclosed, though LegalVision CEO Lachlan McKnight told Startup Daily the deal was made for an upfront payment and a deferred payment which will be made based on volume of sales through the business.
McKnight said Capacity HQ’s position in the market as a provider of bespoke solutions complements LegalVision’s process-driven, tech-enabled approach.
“They have full coverage of specialists niches, such as tax law, which enhances LegalVision’s offering. They focus on a different vertical, providing ‘in-house’ solutions to law firms and in house legal departments, which broadens our range of customers,” McKnight told Startup Daily.
“CapacityHQ lawyers have a minimum of 3 years’ PAE [post-admission experience], come from top tier backgrounds and have experience in leading in-house teams. CapacityHQ enables clients to scale their team to cover a staff absence, introduce specialist skill-sets and provide additional support to permanent staff without growing fixed overhead.”
Capacity HQ was founded by Samantha Wong, formerly a lawyer at a top-tier law firm, after she witnessed too many lawyers leaving the profession after struggling to find a work-life balance.
When Wong herself left to work at an online retailer, she realised how the internet could help drive cost and time efficiency and in turn solve some of the problems in the legal world, and launched Capacity HQ.
Wong said in a statement on the acquisition, “LegalVision now have the scale, funding and team to provide our customers with an outstanding level of service, both from a quality and speed perspective. We’re excited to combine our strengths to accelerate growth across the board.”
The acquisition comes off the back of a $1.2 million funding round in March, which brought the total raised by LegalVision since its founding in 2012 to $1.6 million.
The company highlighted plans to allocate the funds to developing a client-facing platform and mobile app, and expanding its team.