When was Litify founded?

Litify was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Litify located?

Litify is headquartered in New York City, United States.

How many employees does Litify have?

As of Aug 31, 2026, the latest employee count at Litify is 179.

Is Litify a funded company?

Litify is a funded company, having raised a total of $78.6M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2016.

When was the latest funding round of Litify?

Litify's latest funding was a $***** Series A round on Dec 05, 2023, with participation from 0 investor. Its primary sector is Legal Tech. In United States, the Legal Tech sector has seen $1.35B in funding in 2026 to date.

Where does Litify rank among its competitors?

Litify ranks 5th amongst 917 active competitors, of which 35 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Clio, which secured $500M in Nov, 2025.

Who are the top competitors of Litify?

Litify's top competitors include Clio, Thomson Reuters and Filevine. Among them, Clio secured the most recent funding round in November, 2025.

Litify - 2026 Company Profile, Team, Funding & Competitors

Company Details

Cloud-based enterprise legal management software. It is an end-to-end legal platform that provides legal practice management and enterprise legal management solutions to law firms and in-house legal teams. The platform offers matter management, task management, document generation, timekeeping, billing, and client communication management solutions. It provides data-driven insights that support law firms in improving the financial performance. It automates repetitive tasks and enables users to collaborate online and access real-time information.

Website: www.litify.com/
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Key Metrics

Founded Year

2016

Location

New York City, United States

Stage

Acquired

Total Funding

$78.6M in 4 rounds

Latest Funding Round

Series A, Dec 05, 2023, $*****

Investors

Tiger Global Management & 2 more

Ranked

5^th among 917 active competitors

Employee Count

179 as on Aug 31, 2026

Investment & Acquisitions

LegalStratus

Similar Companies

Clio & 948 more

Exit Details

Acquired by Bessemer Venture Partners (Feb 09, 2023)

View Litify's full profile

Litify got acquired by Bessemer Venture Partners on Feb 09, 2023.

Click here to take a look at Litify's acquisition in detail

Litify has raised a total funding of $78.6M over 4 rounds. Its first funding round was on 2016. Litify has 3 institutional investors.

Here is the list of recent funding rounds of Litify:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 05, 2023	1056225	Series A	1426205	2917358	8191093	9615180
Jun 05, 2019	5574801	Series A	5778420	5862324	1698595	4450804
Apr 24, 2018	7834580	Series A	6763441	1532575	Esquire Bank	8057444

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View details of Litify's funding rounds and investors

The founders of Litify is Ryan Hallman.

Here are the details of Litify's key team members:

Ryan Hallman: Former Co-Founder & CTO of Litify.

View details of Litify's Founder profiles and Board Members

Litify's employee count trend

Litify has 179 employees as of Aug 26. Here is Litify's employee count trend over the years:

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Top competitors of Litify include Clio, Thomson Reuters and Filevine. Here is the list of Top 10 competitors of Litify, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Clio 2008, Vancouver (Canada), Series G	Platform offering legal practice management software	$1.79B	T. Rowe Price, TCV & 21 others	80/100
2nd	Thomson Reuters 2008, Toronto (Canada), Public	Cloud based legal enterprise management and data services for businesses	-	Owl Capital Group, MidOcean Partners & 5 others	75/100
3rd	Filevine 2014, Provo (United States), Series E	Provider of legal practice management software with integrated AI capabilities	$548M	StepStone Group, Insight Partners & 11 others	67/100
4th	Mitratech 1987, Austin (United States), Acquired	Provider of solutions for third party risk management to banks	-	TA Associates, HgCapital Trust & 5 others	65/100
5th	Litify 2016, New York City (United States), Acquired	Cloud based enterprise legal management software	$78.6M	Fortress, Tiger Global Management & 1 others	65/100
6th	Elevate 2011, Milpitas (United States), Series A	Legal enterprise management platform	$29.4M	Kayne Anderson Capital Advisors, Morgan Stanley ... & 4 others	64/100
7th	Dye & Durham Corp. 1874, New Westminster (Canada), Public	Developer of software for legal practice management and financial transactions	$25M	-	63/100
8th	Eve 2020, San Francisco (United States), Series B	Developer of AI legal software for plaintiff law firms	$164M	Spark Capital, Lightspeed Venture Partners ... & 2 others	62/100
9th	Darrow 2020, Tel Aviv (Israel), Series B	Developer of software identifying legal risks from public data sources	$63M	Georgian, F2 Capital & 5 others	61/100
10th	Elite 1980, Culver City (United States), Acquired	Provider of financial, time, invoice, and data management software solutions	-	-	60/100