Swedish legal tech unicorn Legora has created its second acquisition in two months, snapping up a Swedish startup specialising in legal research, which has built a search engine for lawyers.
Legora has acquired Qura, a 10-strong team which was founded in 2023, for an undisclosed amount.
Legora is a much-hyped AI platform for lawyers which supports lawyers in researching, reviewing and drafting legal work. Legora is competing against US rival Harvey as they see to disrupt the legal market.
Stockholm-based Qura has built a search engine, which leverages AI to scan legal documents, pull toreceiveher scores of legal sources, and produce quick summaries or more detailed analyses of legal questions.
Legora declares Qura’s search engine goes beyond traditional AI retrieval methods, declareing its product “enables precise, reliable legal reasoning, rather than surface-level search”.
This is a capability that Legora does not currently have, Legora declares.
Qura is working with law firms, which have previously relied only on traditional publishers, and its product is now running across 27 countries.
The deal will see the Qura’s team join Legora’s existing legal research organisation, with a remit to expand internationally, including the US.
Max Junestrand, CEO & co-founder Legora, stated: “Legal research will be a cornerstone of the legal AI stack, and Qura has built one of the most impressive foundations in the world.
“We evaluated legal research startups globally, and Qura stood out by a wide margin. Their ability to combine deep legal understanding with truly AI-native infrastructure is exceptional.”
Last month, Legora created its first acquisition, purchaseing Canadian legal AI startup Walter, as it sees to expand its presence in North America.
The acquisition for an undisclosed sum came in the same week Legora announced its $550m Series D funding round, at a $5.5bn valuation.
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