When was Update Legal founded?

Update Legal was founded in 1991 and raised its 1st funding round 19 years after it was founded.

Where is Update Legal located?

Update Legal is headquartered in New York City, United States.

How many employees does Update Legal have?

As of Sep 30, 2026, the latest employee count at Update Legal is 82.

Is Update Legal a funded company?

Update Legal is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Jun 02, 2010.

When was the latest funding round of Update Legal?

Update Legal's latest funding was a $***** Series B round on Jun 02, 2010, with participation from 0 investor.

Where does Update Legal rank among its competitors?

Update Legal ranks 653rd amongst 5794 active competitors, of which 124 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Deloitte, which secured $3.3M in Nov, 2025.

Who are the top competitors of Update Legal?

Update Legal's top competitors include Deloitte, EY and PwC. Among them, Deloitte secured the most recent funding round in November, 2025.

Update Legal - 2026 Company Profile, Funding & Competitors

Update Legal is an acquired company based in New York City (United States), founded in 1991. It operates as a Provider of legal staffing services. Update Legal has raised $11M in funding. The company has 5794 active competitors, including 124 funded and 506 that have exited. Its top competitors include companies like Deloitte, EY and PwC.

Company Details

Website: updatelegal.com
Social
Email ID: *****@updatelegal.com
Phone Number: +1 **********

Key Metrics

Founded Year

1991

Location

New York City, United States

Stage

Acquired

Total Funding

$11M in 1 round

Latest Funding Round

Series B, Jun 02, 2010, $*****

Investors

Gryphon Investors

Ranked

653^rd among 5794 active competitors

Employee Count

82 as on Sep 30, 2026

Similar Companies

Deloitte & 5952 more

Exit Details

Acquired by Conversion Venture Capital (Mar 01, 2013)

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Update Legal got acquired by Conversion Venture Capital on Mar 01, 2013.

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Update Legal has raised a total funding of $11M over 1 round. Update Legal has 1 institutional investor.

Here is the list of recent funding rounds of Update Legal:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 02, 2010	2486921	Series B	4445872	5058413	6068065	5057957

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View details of Update Legal's funding rounds and investors

Update Legal's employee count trend

Update Legal has 82 employees as of Sep 26. Here is Update Legal's employee count trend over the years:

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Top competitors of Update Legal include Deloitte, EY and PwC. Here is the list of Top 10 competitors of Update Legal, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Deloitte 1845, London (United Kingdom), Unfunded	Provider of audit, consulting, financial advisory, risk management, and tax services	$21.4M	HILL HOUSE, Military Health & 8 others	74/100
2nd	EY 1989, London (United Kingdom), Funding Raised	Provider of professional services including assurance, consulting, strategy, transactions, and tax advisory	-	Tiberius Geldard, Hudson Pacific Capital & 7 others	73/100
3rd	PwC 1998, London (United Kingdom), Funding Raised	Provider of financial audit, strategy consulting, cloud transformation, assurance, and tax services	-	Next Venture Labs, Corda Campus & 5 others	66/100
4th	Axiom 2000, New York City (United States), Early Stage	On-demand legal talent and services provider, offering flexible legal solutions	$28M	Section Partners, Toba Capital & 11 others	64/100
5th	LegalShield 1972, Ada (United States), Acquired	Legal consultation services	-	Saratoga Investment, Eniac Ventures & 3 others	59/100
6th	Weightmans 1827, Liverpool (United Kingdom), Series A	Provider of legal services	$22.3M	Lloyds Bank	59/100
7th	DWF 2017, Germany, Acquired	Provider of integrated legal and business services	-	Cartesian Capital Group	58/100
8th	HKA 2016, Warrington (United Kingdom), Acquired	Provider of consulting, advisory & expert services for construction & engineering industries	-	Thornblade Capital, Bridgepoint Capital	58/100
9th	Integreon 1999, New York City (United States), Acquired	Provider of CLM, litigation, and risk & compliance services	$50M	Ayala, Actis & 3 others	57/100
10th	Baker McKenzie 1949, Chicago (United States), Funding Raised	Provider of legal services across diverse practice areas and sectors	-	Aimforthemoon, Lanai & 1 others	57/100
653rd	Update Legal 1991, New York City (United States), Acquired	Provider of legal staffing services	$11M	Gryphon Investors	30/100