Legal business secures major investment

A technology business which enables lawyers to automate the drafting of documents has received a £3.1m investment from private equity firm NVM.

Clarilis works with firms including Travers Smith and Addleshaw Goddard and now has the funding to accelerate its growth.

The Birmingham-based business has a proprietary technology platform and its own team of lawyers and automation staff.

James Quinn, who co-founded the business with Kevin Quinn after previously working as a solicitor for Slaughter and May and Eversheds, said: “Our partnership with NVM is a significant step in furthering our reach in both the in-house and private practice markets.

“The team at NVM shared our vision and most importantly immediately understood the market opportunity. We look forward to working with NVM to accelerate our growth whilst maintaining our focus on quality.”

Clarilis says its platform “provides clients with significant efficiency gains in their drafting processes”, reducing the time and resource required to produce initial drafts of documents.

Tim Levett and Jason Warren led the investment for NVM.

Levett, who has joined the Clarilis board, said: “We were impressed by Clarilis’ approach of combining a skilled internal legal team with powerful automation technology to provide a comprehensive solution for their customers.

“The calibre of the client base the business has been able to build in a short space of time is testament to the quality of their solution and we are very much looking forward to working alongside the team during the next phase of growth.”