Meet the legal startup generating $150 million in revenue without chasing Big Law (www.businessinsider.com)

EvenUp, a startup specializing in AI software for plaintiff-side law firms, has reached $150 million in recurring revenue, highlighting significant growth in the legal tech sector outside the realm of traditional Big Law. Unlike firms that bill hourly, personal injury firms typically operate on a contingency basis, meaning they benefit from faster case resolutions. This places EvenUp's software in a prime position, as it enhances efficiency and expedites case management, allowing firms to get paid sooner. Originally known for automating demand letters, a critical component of personal injury law, EvenUp has diversified its offerings over the past 18 months. The company now provides comprehensive AI tools that assist lawyers throughout the entire litigation process, integrating AI agents with human case managers. This shift has diversified revenue streams, reducing reliance on demand letters from over 90% to less than a quarter of total revenue. With ambitious plans to expand its customer base and product utilization, EvenUp has appointed Stevie Case as president of field operations to oversee growth strategies. The competitive landscape is heating up, as rivals like Eve and Supio also target similar markets, but EvenUp appears well-positioned for continued expansion.