• Home »
  • Big stories »
  • LegalZoom optimistic over UK company despite £2m loss in first year

13 October 2017 at 12:26 BST

LegalZoom optimistic over UK company despite £2m loss in first year

LegalZoom is launching a range of services through its UK ABS and predicts a profit for the company going forward.

everythingpossible

The UK arm of US online legal services company LegalZoom has revealed a loss of £2.1m in its first year - as a result of strategic investments in the business. The company acquired Beamont Legal in 2016 for £6.4m. Its UK arm Beaumont ABS is optimistic about the company going into profit after a healthy start to this year, according to Legal Futures. LegalZoom was set up in the US in 2001 and has revenues of $200m. It is an online legal technology company that helps its customers create an array of legal documents without having to hire a lawyer. The UK arm is introducing a new conveyancing portal as part of its services. 

 
   
 
 
 

Also read...

Lawyer activists call out UK companies on climate risk reporting

UK companies and auditors told relegating climate considerations to CSR in annual reports is no longer good enough.