LegalZoom Going Public

February 29th, 2012

And some news about it’s main competitor, Rocket Lawyer:

This business, which has served more than 1 million customers, is profitable but growth is relatively slow.

LegalZoom launched a new business last year that connects people with attorneys for advice and charges a monthly fee.

While the company has been around for more than a decade, investment in this niche of the legal industry has increased recently.

Rocket Lawyer, a competitor to LegalZoom, said in August that it raised $18.5 million from venture capital firms including August Capital and Google Ventures, part of Google Inc


Rocket Lawyer said in August that it was the fastest-growing online legal service, with visits to the company’s website up more than 100 percent year over year. Rocket Lawyer also offers access to attorneys for a monthly fee.