If you have been following business service companies, LegalZoom is a company you probably have run across at some point. Whether you have just seen their commercials on television or whether you have started a business, chances are high that you know the name. The company may soon conduct an initial public offering to make it a public company. This is under the well-known attorney Robert Shapiro.
Reuters has a story on more of the details.
What is interesting here is that this is not really a rapid growth business, but over the last decade it has grown and grown as more individuals start businesses, draw up trademarks and wills, and create other legal documents now without having to pay an attorney an elevated rate for each hour of work. This company’s business model is extremely easy to understand and the company gets recurring annual fees for the entities that remain in business.
Venture backers are Kleiner Perkins Caufield & Byers and Institutional Venture Partners. We do not have the financials as of yet, but LegalZoom is said to be profitable.
JON C. OGG