ConfiAbogado wants to put a tech touch on Latin America’s legal system
Summary
Emiliano previously worked at a traditional law firm, while Juli\xe1ns background is as an analyst and processes coordinator.It was while at the law firm that Emiliano Ruiz noticed that many of the firms clients were big corporations and high net worth individuals because of the cost involved, noting to TechCrunch via email that legal services being expensive is why only one in 11 individuals in Latin America seek legal council when they need it.I wanted to find a way to make legal help more efficient and accessible to reach more clients, Ruiz said. We started to reach out to law offices about acquiring our technology, but they were reluctant to change their old ways, so we focus on providing value, not to the lawyers, but to the people with legal needs in a novel manner combining our background of law and automation.ConfiAbogado focuses on providing legal solutions on volume rather than high costs. Clients are then kept informed on the status of their cases.The company provides legal services in the areas of civil, commercial, labor and family litigation. In the past year, revenue grew over 10x.ConfiAbogado offers to finance the litigation cost to its customers until the case is won and then split the wins to make legal aid accessible to everyone, Ruiz said. This solves the problem for regular people of not having enough money to hire lawyers as well as forces us to be more efficient and look for the best way to get a good result for a client since both interests are aiming to the same place.Meanwhile, Tuesday Capital led ConfiAbogados seed round and was joined by a group of investors that includes DTB Capital, Seedstars International Ventures, 500 Global, Invariantes, Goodwater, GAIN Capital and Side Door Ventures.The new funding will support ConfiAbogados expansion to new verticals and cities, with a plan to more than triple its current geographic footprint, and to develop new AI tools.