An AI-native law firm startup announced a $120 million Series C funding round led by a major venture capital firm. The funds will be used to build out product capabilities and hire more attorneys to expand enterprise offerings.
Norm, the almost three-year-old startup that operates an AI-native law firm called Norm Law, said it closed a $120 million Series C led by Khosla Ventures.
The company said the fresh capital will be used to build out its product and hire more attorneys, supporting its model of AI agents overseen by human lawyers and its outcome-based pricing for enterprise legal work.
The round included participation from Bain, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James (former president and COO of Blackstone), Jeff Hammes (former chairman of Kirkland & Ellis), and Fenwick, and brings Norm's disclosed funding to more than $260 million to date.
With the new financing, Norm plans to accelerate development of its agent-supervision capabilities and expand Norm Law’s enterprise offering by growing its attorney headcount and product footprint.
