Steno raises $3.5 million led by First Round to become an extension of law offices
Companies, agencies, institutions, etc
lawyers’
First Round Capital
Reserve
American Express
Simon Law Group
Steno’s
People
Steno
Dylan Ruga
Gregory Hong
this.’
JML Law
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Locations
LA
Steno
altogether).Unsurprisingly
Resy
Hong
Ruga
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Summary
Turns out tech-enabled legal support services become even more attractive when lawyers and everyone else in the ecosystem is socially distancing.Hong suggests that Steno’s idea to marry its services with financing is gaining adherents, too, including amid law groups like JML Law and Simon Law Group, both of which focus largely on personal injury cases.Indeed, Steno charges — and provides financing — on a per-transaction basis right now, even while its revenue is “somewhat recurring,” in that its customers constantly have court cases.Still, a subscription product is being considered, says Hong.
As said here by Connie Loizos