Jurist.RU

The jurist.RU – a marketplace of legal services which works since 2012. Service provides access to services of professional lawyers online – any user can instantly get advice on legal issues and also receive the qualified help in preparation of documents of different level of complexity. For the practicing lawyers participation in the project – not only a possibility of additional earnings, but also an easy way to find clients without any additional investments. The jurist.RU carefully selects partners and works only with the checked law companies and the private practicing specialists and also provides to the user an opportunity to leave the comment according to the results of consultation and formulates at the end of the rating of the most effective specialists in different areas of the right.

The Jurist.RU service is a method to get legal advice and to order other legal services. Service is presented in the Web application form and also applications for iPhone and telegrams bots. Creators claim that they in the application and telegrams bots guarantee receiving the answer against the lawyer even on a free question.

The average time of the solution of a question takes 2 hours, but in most cases the answer can be received within several minutes after the publication of a question. In service the lawyer can set both a paid, and free question. The request of the user will be seen practically by all specialists of service therefore several answers from the practicing lawyers come to paid questions at once.

From the moment of the basis the audience of Правовед.ру grows every year for 70-100 percent, growth of revenue of the company annually is 100-130 percent. Now, the company is estimated by investors at 600 million rubles. As of summer of 2017 every month the project is visited by more than 4 million human. Since 2012 more than 1,300,000 people, an average bill on consultations – 800 rub, on other services of the project (drawing up agreements, statements of claim, etc.) - 3600 rub used services of service. At the moment in the Jurist.RU more than 20,000 lawyers are registered. The commission of Правовед.ру from on-line and offline transactions lawyers reaches 30-35%.

2018: Investments of AddVenture and Target Global

In March, 2018 the legal marketplace of Pravoved.ru announced a new round of financing. Investments in the amount of 60 million rubles were received from the AddVenture venture fund which acted a lead investor, and Target Global. Means will be aimed at the development of a line of services for automation of legal services: from rendering legal advice bureau before appeal to the court.

Pravoved.ru already started the robot lawyer based on a neuronet who provides legal consultation without participation of the lawyer person. For the first month of work the robot answered more than 1700 questions of citizens in the field of consumer protection, having saved about 600 working hours of lawyers. During 2018 categories of the family and labor law, questions of a mortgage and maternity capital will be covered. Founders of Pravoved.ru consider that within 5 years the robot lawyer will answer more than 70% of all questions of users.

Pravoved.ru connects users for whom legal advice bureau online insufficiently the lawyer or the lawyer is also necessary for the solution of a legal case to the legal partner firms. This process will also be automated. The technology of a neuronet will be able to identify addresses of such clients and will direct to the necessary lawyer or law firm with a certain specialization in the specific region. Thereby, law firms will receive the most relevant for them clients.

In 2018 Pravoved.ru will add service in automation of statements of claim. The company also develops tools of predictive analytics for identification of the factors influencing the result of affairs. Service will allow law firms during the work on case more precisely to predict its result.

Attendance of service at the beginning of 2018 reached 7 million people a month in comparison with 4 million at the end of 2016. In 2017 the site was visited by about 40 million users that is 25% more, than in 2016 and 3 times more, than in 2014. Project revenue for the last year increased more than twice.

Managing partner of AddVenture investment fund Maxim Medvedev: 'The Pravoved.ru command met our expectations based on the first round, having successfully started on the market the new product – the robot lawyer. Automation of legal services became a world trend therefore we see serious perspectives for development of this project and our cooperation'.

2017: AddVenture investments

The Russian venture fund AddVenture acted in the summer of 2017 a lead investor in a round And investments into the service of legal advice bureaus, largest in Russia, the Jurist.RU. The general size of a round exceeded a mark of 1 million dollars.

Investments will go for further development of a technology platform, including new product development of the company – the robot lawyer with elements of artificial intelligence, expansion of functionality of mobile applications, operating expenses and marketing.

The main IT development of the company is the Robot lawyer project. Its purpose, using artificial intelligence and machine learning to give to the client legal advice bureau without participation of the person.

Necessary conditions for such developments in the company became:

• the saved-up big database on the clients who are already rendered to consultations on different branches of law - more than 1.5 million which monthly increases by 60.000.
• big expert legal community which helps to process data for machine learning,
• the technical expertize created for years of work on the project on machine learning.

The Правовед.ру robot with the trained neural network more precisely than the person defines a branch of law and subject to which the client's question belongs. When developers allow the robot to answers for real clients, he receives positive reviews from clients only 30% below, than the real person. Developers are sure that in the short term the robot will be able to exceed the person and to receive more positive comments from clients at the expense of the speed of answers and their completeness.

By estimates of founders of the company, robots will be able to undertake an essential part of legal tasks which are standard. In the closest 5 years of 10-15% of problems of functions of lawyers can be completely automated by robots. Taking into account that the total amount of the market of legal services in Russia is about 120 billion rubles, economic effect of implementation in robots of lawyers is represented huge.

Maxim Medvedev, managing partner of AddVenture investment fund: "Legaltech a segment of the market is of great interest to us. We watch closely development of this direction in global market and we consider emergence of marketplaces of legal services an unconditional world trend - the similar business model well works at the western markets. In Russia this niche is rather free and has the excellent potential for development. According to the research LawFirmManagement, the total amount of the market of legal services in the Russian Federation is about 120 billion rubles, at the same time costs of law firms for customer acquisition are at the level of 30 billion rubles. The jurist.RU helps the companies to save the budget on attraction and gives direct access to clients through primary online consultation, and further the lawyer can continue communication with the client within service or transfer it to offline plane for rendering additional services. Therefore use of service is extremely profitable both to lawyers, and to users who can receive high-quality legal services in the affordable price and that is important, to find the checked the problem specialist. We see excellent perspectives for development of legaltech-marketplaces in Russia, and are glad to the beginning of work with a professional project team the Jurist.RU".