Its compliance solutions now make up most of its subscription services, according to its S-1. Since its founding in 2001, LegalZoom has expanded to provide compliance, tax, and business services.
Small businesses have created 65% of new jobs since 2000, per the Bureau of Labor Statistics. The burgeoning small-business market means a $48.7 billion serviceable addressable market, according to LegalZoom. In 2020, 10% of new LLCs and 5% of new corporations in the US were formed via LegalZoom, according to its S-1 filing. LegalZoom has a network of more than 1,300 independent attorneys and 75 in-house tax advisors. We scoured LegalZoom's S-1 filing for everything you need to know about the company, its legal risks, and its plans for growth: LegalZoom targets the growing small-business market Intapp also debuted on the Nasdaq on Wednesday, opening at 3% below its offering price.
LegalZoom, along with legal-tech software Intapp, made waves when they filed for IPOs earlier this month. Simpson, is one of the company's co-founders. Robert Shapiro, best known for representing O.J. The company was founded to "democratize law" through flat-fee subscription services for small businesses. Shares then extended gains to as much as 39%. The stock opened at $36.75 per share - 31% above the offer price of $28, valuing the company at more than $7 billion. Legal-tech company LegalZoom made its trading debut on the Nasdaq today, trading under the ticker LZ.