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Glendale-based online legal documents provider LegalZoom has sold $200M in equity to private equity firm Permira Funds, in a secondary stock purchase deal, the companies said this morning. According to LegalZoom, the new funding will go towards its launch of new products and services. READ MORE>>.
One of the most anticipated IPOs of a Southern California technology firm, LegalZoom is expected to hit the markets Friday, with pricing expected Thursday evening. The firm--which recently set its expected IPO pricing range of $10 to $12 per share--is one of two IPOs expected this week by technology companies.
Permira said Friday afternoon that it successfully completed its acquisition of more than $200M of the outstanding equity of LegalZoom, giving it a majority stake of the legal document and services company. Permira said it is now LegalZoom''s largest shareholder, and will apoint a majority of the company''s board. READ MORE>>.
Glendale-based LegalZoom , the online service which provides legal documents to consumers and small businesses, said late Tuesday that it has filed a lawsuit against competitor RocketLawyer. LegalZoom said that the suit alleges false and misleading advertising by RocketLawyer, trademark infringement, and unfair competition.
Glendale-based online legal documents marketplace LegalZoom filed for an IPO Friday, saying that it is looking to raise up to $120M on the New York Stock Exchange as "LGZ". LegalZoom reported net income of $12.1M The firm is venture backed by Polaris Venture Partners (35.1 percent ownership), Insitutional Venture Partners (14.7
Glendale-based LegalZoom has officially dropped its IPO bid, saying in a regulatory filing that it has withdrawn its S-1 filing for an IPO, which had originally been filed in May of 2012. LegalZoom said the move came because it does not intend to pursue the contemplated public offering at this time. READ MORE>>.
Glendale-based LegalZoom said last week that it has added Institutional Venture Partners and Kleiner Perkins Caufield & Byers as investors in the firm. LegalZoom said it now has more than 500 employees and has served more than 1 million customers. LegalZoom operates an online service which allows users to purchase legal documents.
Glendale-based LegalZoom has appointed a new head of marketing, the company said this morning. LegalZoom said it has appointed Laura Goldberg as Chief Marketing Officer, to lead overall strategy and direction of the company, and lead the company''s marketing and product teams. legalzoom executive marketing' READ MORE>>.
Glendale-based LegalZoom , the online legal documents site which was co-founded by Brian Lee and lawyer Robert Shapiro, is reportedly about to file for its IPO, according to a report today. Reuters, citing sources close to the firm, said the filing is expected in coming weeks.
Los Angeles-based LegalZoom , the online legal document provider, is the target of a class action lawsuit in Missouri, which is looking to block the ability of the firm to provide wills, leases, and other documents.
Glendale-based LegalZoom said Friday that it is turning to the San Francisco Bay Area, to extend its technology development efforts. LegalZoom said the new center will be led by co-founder Eddie Hartman and CTO Tracy Terrill. The new center will be the third location for LegalZoom, which also has an office Austin, Texas.
Los Angeles-based LegalZoom is shifting its operations from Hollywood to Glendale, the firm said this week, and has signed a 10-year lease for a new headquarters space in the Glendale City Center. LegalZoom is a provider of online legal documents and templates, making them available to consumers via the Internet. READ MORE>>.
The long awaited IPO of Glendale-based LegalZoom apparently has been delayed , according to reports Thursday afternoon. According to Reuters, citing an "underwriting source", LegalZoom has delayed the offering due to marketing conditions. LegalZoom had been aiming to list on the New York Stock Exchange as LGZ. READ MORE>>.
Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. READ MORE>>.
Brian Liu, co-founder and Chairman of LegalZoom, said the addition of Decker will help the firm through its next stage of growth. Tags: legalzoom legal documents executive susan decker yahoo. READ MORE>>.
LegalZoom said the new service comes "without shocking bills or expensive hourly fees." LegalZoome explained that, in most states, users will be able to access an experienced attorney for free, and after an initial trial, will pay a low monthly fee for advice from an attorney on "virtually any legal matter." READ MORE>>.
Glendale-based LegalZoom has moved one step closer to the public markets, saying in a filing this morning with the SEC that it is now estimating that its initial public offering price will be between $10.00 LegalZoom has applied to list as LGZ on the New York Stock Exchange. and $12.00 READ MORE>>.
and Glendale-based LegalZoom have linked up their efforts in the small business market, the firms said this week, via a strategic alliance. According to the two companies, LegalZoom will provide business customers with access to business consultation services from Dun & Bradstreet Credibility Corp.
The latest Internet firm looking to shift its operations out of the City of Los Angeles proper appears to be LegalZoom, according to a report from the Los Angeles Business Journal. According to the LABJ, LegalZoom has told its landlord that it is looking to move when its lease expires in June, as a result of the city's new business tax.
The investment by Kleiner Perkins Caufield & Byers and Institutional Venture Partners into legal documents firm LegalZoom was worth $66M, according to a report today. LegalZoom, which is headed by Brian Lee, announced the investment from KPCB and IVP in April, but had not announced the amount of funding.
Los Angeles-based LegalZoom , which provides online legal help and documents, says it has named Nicole Miller as the company's General Counsel. LegalZoom said Miller will lead the company's legal organization and provide strategic guidance on compliance, risk management, and corporate governance. READ MORE>>.
Glendale-based LegalZoom , the provider of legal documents and services for small businesses and families, has named a new CEO, saying on Tuesday afternoon that it has named Daniel Wernikoff as its new Chief Executive Officer. Wernikoff takes over from longtime CEO John Suh, who LegalZoom said will become a Senior Advisor to the company.
Los Angeles-based legal filings and services site LegalZoom has settled a trademark and antitrust suit filed against the company by competitor LegalForce RAPC Worldwide , the operator of a trademark and patent filing service, Trademarkia.com , according to a legal filing from the two companies this week, according to reports.
Glendale-based LegalZoom has filed for an IPO, saying in a filing that it is looking to raise up to $100M in an IPO on the Nasdaq. LegalZoom's largest shareholders are Francisco Partners, BSG, Institutional Venture Partners (IVP), Kleiner Perkins Caufield and Byers, GPI Capital Gemini, and Technology Crossover Ventures (TCV).
Consider the case of LegalZoom, one of our cities great startups. LegalZoom moved from Hollywood to Glendale. But more damning is that LegalZoom decided to open its next big center of innovation in Austin, Texas, along with 600 new jobs and a $21 million office purchase according to this article. The result? Thousands of jobs.
Glendale-based online legal documents firm LegalZoom announced Thursday that it has linked up with Sam''s Club , the membership warehouse club owned by Walmart, to offer up its services to small businesses. legalzoom sams club legal documents small business services warehouse' READ MORE>>.
Glendale-based LegalZoom , the provider of legal documents and products, has named a new member of its board of directors. According to LegalZoom, it has named Christine Wang to its board of directors. Wang is at private equity investor Francisco Partners. Wang previously was also at Advent International, and also served at J.P.
Glendale-based LegalZoom announced this week that it has appointed Noel Watson as the company's new Chief Financial Officer. Watson was previously CFO of TrueCar, where the firm said he led financial operations including financial planning & analysis (FP&A), accounting, and investor relations.
Glendale-based online legal referral provider LegalZoom says it is legal in New Jersey, despite a recent opinion issued by the New Jersey Supreme Court. A recent report had said that New Jersey had declared LegalZoom off limits to attorneys in the state , along with Avvo and RocketLawyer, over concerns of fee-sharing and referral fees.
Glendale-based LegalZoom has partnered with the University of Southern California (USC), to fund a scholarship and a new lab, the company said this week.
Brian Liu , the co-founder and CEO of a new startup, BizCounsel , was the co-founder of LegalZoom, and thinks there can be a new way that every business owner can get access to dedicated business attorneys for legal work. Brian Liu: We're launching a new business, BizCounsel, which looks a lot like the big brother for LegalZoom.
Glendale-based LegalZoom said today that it is expanding in the United Kingdom, after being approved as an Alternative Business Structure (ABS) in that country--the first step in allowing the company to provide legal services in the UK. international structure business alternative legalzoom' READ MORE>>.
Glendale-based online legal documents and help site LegalZoom has racked up 200,000 legal consultations, as part of its expansion into connecting consumers with attorneys, the company announced this morning. LegalZoom offers up referrals to attorneys through its LegalZoom Business and Personal Legal Plans product. READ MORE>>.
Glendale-based legal information and filings service LegalZoom is planning a launch into the United Kingdom, saying today that it has acquired UK law firm Beaumont Legal. Legalzoom said its UK arm, LegalZoom Legal Services Ltd.,
Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion. READ MORE>>.
The company said its advisory board includes Frank Monestere, President/COO of Legalzoom; Michael Chasalow, Law professor at USC; and Brian Hirai, a former law partner. READ MORE>>.
The love affair between Los Angeles startups combining e-commerce and celebrity continues unbated today, as a new, Santa Monica-based startup headed by actress Jessica Alba --and backed by Brian Lee , the founder of LegalZoom and ShoeDazzle--unveiled itself to the world.
The new venture is the latest to tie a celebrity with Brian Lee, whose last ventures were ShoeDazzle (with Kim Kardashian) and LegalZoom (with Robert Shapiro). According to The Honest Company, the funding will go towards accelerating growth and developing its products and brand. READ MORE>>.
However, local companies seem to have been pursuing a much easier route to liquidity lately -- one of the companies most talked about for an IPO in the last few years was LegalZoom, which ended up dropping its IPO bid in favor of a sale to private equity investor Permira. READ MORE>>.
The round was led by GRP Partners, and also included angels such as Dave McClure, Dave Tisch, Ben Smith (Merchant Circle), Brian Lee (ShoeDazzle, LegalZoom), Jason Calacanis, Evan Rifkin, Jennifer Lum, and Jay Weintraub. GRP's Mark Suster said the round was worth $3M, with GRP putting up most of the funds.
Los Angeles-based ShoeDazzle.com , the online shoe buying club headed by Brian Lee, the founder of LegalZoom, has raised $40M in a new funding round. The funding was led by Andreessen-Horowitz, and also included the firm's prior investors.
The firm's business team includes Robert Shapiro and Brian Lee, who co-founded LegalZoom. ShoeDazzle offers personalized shoe, handbag, and jewelry recommendations to consumers, and was co-founded by Kim Kardashian. READ MORE>>.
With this investment, LegalZoom’s estimated value totals roughly $2 billion. Glendale online legal technology company LegalZoom.com Inc. announced June 30 it completed a $500 million financing round from four total investors, its second since the firm’s founding in 2001.
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