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The real value of LegalZoom

Following LegalZoom’s postponement of its IPO, Monica Goyal asks if this is a reflection of the online legal services market

21 August 2012

Having scheduled its IPO for 2 August, LegalZoom’s recent decision to postpone has led to suggestions that its valuation was too high.

Some may see this as evidence that there is no business case for online legal services while others will undoubtedly examine the financials and start to question the viability of such enterprises.

For those of you who do not know, LegalZoom is the top US online legal document service platform and posted a $156m turnover last year.

It is difficult to draw accurate conclusions around the market size of legal tech enterprises.<...

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