Legal tech startup EvenUp is gaining popularity among personal injury lawyers with its AI-powered demand package product, which helps attorneys get higher and faster settlements for their clients. The idea for EvenUp came from COO Ray Mieszaniec’s personal experience of settling for less compensation for his father’s car accident injuries than he believed they deserved. With a recent $35 million Series C funding round led by Lightspeed Venture Partners, EvenUp is focusing on empowering lawyers to use AI to draft demand letters, saving time and increasing settlement amounts.
EvenUp’s platform works by allowing attorneys to upload their client’s medical records, which are then used to generate a demand package based on over 250,000 verdicts and settlements. The startup claims that their AI-generated demand letters can save up to 15 hours per case and result in settlements that are up to 30% higher than what plaintiffs could have obtained without the AI tool. CEO Rami Karabibar emphasized the importance of ensuring that all claims receive the justice they deserve, regardless of the type of case.
Personal injury law firms like Michael McCready’s have seen success with EvenUp’s products, which not only save time but also lead to higher settlements. By utilizing AI to analyze medical records and tailor demands accordingly, lawyers can focus on more strategic aspects of their cases. However, Harvard Law School Professor David Wilkins warns that defendants may be less intimidated by AI-generated demand letters if they doubt the lawyers’ expertise in aggressively litigating the case.
While EvenUp faces competition from other legal tech startups offering AI solutions, such as Harvey and Clio, the company’s unique focus on personal injury law and strategic partnerships have helped it stand out in the market. Venture funding in legal tech startups has been on the rise, with Silicon Valley showing increased interest in investing in companies leveraging generative AI for legal applications. EvenUp’s strong founding team and innovative product have attracted investors and customers alike, with the company nearing 1,000 users of its products.
The increasing adoption of AI among attorneys has propelled EvenUp’s growth, with partnerships like the one with Litify providing access to more lawyers looking to streamline their workflows. Litify CEO Curtis Brewer praised EvenUp’s product quality, noting that personal injury firms are seeking ways to reduce time spent on repetitive tasks and focus on more complex legal work. Investor Sebastian Duesterhoef attributes EvenUp’s rapid success to the novelty of its product, which fills a previously unaddressed need in the legal tech market.
As legal tech startups continue to gain traction and receive significant funding, the landscape of legal services is evolving to incorporate AI tools that improve efficiency and outcomes. EvenUp’s focus on empowering personal injury lawyers with AI technology highlights the potential for innovation in the legal industry. With a growing customer base and strong investor support, EvenUp is poised to continue making a significant impact on the legal tech market and helping lawyers achieve better results for their clients.
