Online legal services company LegalZoom filed an S-1 form this morning declaring its intention to raise up to $120 million in an IPO. LegalZoom offers documents and subscription services to make it easier for individuals and businesses to accomplish basic legal tasks. As evidence of the company's traction and impact, the S-1 says LegalZoom has served about 2 million customers in the past 10 years. It also says that in 2011, those customers placed 490,000 orders on the site, and during that period, more than 20 percent of limited liability companies formed in California did so through LegalZoom.
Saturday, May 12, 2012
LegalZoom Files For $120M IPO, Saw $156M In Revenue Last Year
Online legal services company LegalZoom filed an S-1 form this morning declaring its intention to raise up to $120 million in an IPO. LegalZoom offers documents and subscription services to make it easier for individuals and businesses to accomplish basic legal tasks. As evidence of the company's traction and impact, the S-1 says LegalZoom has served about 2 million customers in the past 10 years. It also says that in 2011, those customers placed 490,000 orders on the site, and during that period, more than 20 percent of limited liability companies formed in California did so through LegalZoom.
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