Legal Technology Market - Canada

Part
01
of two
Part
01

Legal Technology Companies - Canada: Part One

Ten of the top legal tech companies operating in Canada ranked by revenue are Epiq, Osler, Kira Systems, HighQ, Luminance, ROSS Intelligence, Clio, Lex Machina, Fastcase, and Blue J Legal. The requested data for each company has been entered into the attached spreadsheet in columns A through C of rows 2 through 11.

TOP TEN LEGAL TECH COMPANIES IN CANADA

1. EPIQ
2. OLSER
3. KIRA SYSTEMS
4. HIGHQ
5. LUMINANCE
6. ROSS INTELLIGENCE
7. CLIO
8. LEX MACHINA
9. FASTCASE
10. BLUE J LEGAL

Research Strategy:

Our research began by searching through the database of market research firms like MarketsandMarkets, Grand View Research, as well as media sources such as Business Insider and PR Newswire for information on the major/top/largest legal tech companies operating in Canada. While we could not uncover market reports on the Canadian legal tech industry, we found some legal tech companies operating in Canada in media articles, though the revenue of these companies were not highlighted nor were they ranked.

We then proceeded to search through business directories as well as industry news sources/regulatories/authoritative agencies' databases like Canadian Lawyer, where we found an article on the legal tech industry in Canada that highlighted some of the major players in the nation. Also, we performed an x-ray search to uncover more legal tech companies operating in Canada. We were able to find some in addition to the ones we found earlier.

Eventually, we developed a list of 25 legal tech companies in the country, including Kira Systems, Clio, Blue J Legal, ROSS Intelligence, Epiq, Closing Folders, Lex Machina, Fastcase, HighQ, Recommind, Luminance, iManage RAVN, Legal Innovation Zone, Prosperoware, QuickBooks Online, Codify Legal Publishing, Knomos, Stikeman Elliott’s Technology Group, OSLER, and Loom Analytics. We then leveraged company data aggregator databases such as ZoomInfo, Crunchbase, Hoover, Craft, and Owler, as well as the company's databases and media sources to uncover their revenue/estimated revenue. Afterward, we proceeded to determine the top ten companies based on revenue/estimated revenue. We were unable to find information or data points to triangulate some of the legal tech companies' revenue like Codify, Loom Analytics, etc. Hence, we could not consider them in our ranking though they are notable.

Please note that pre-existing lists on the top/major/largest legal tech companies in Canada ranked by revenue was unavailable in the public domain or behind a paywall after a thorough and exhaustive search. Hence, we adopted the strategy outlined above. Also, note the wide revenue gap between the first company (Epiq) and others in the industry as the number of countries serviced and products/services offered by Epiq is much broader than what the others provide. Since a majority of these companies are privately held, the specific revenue generated from legal tech solution could not be estimated due to limited data points/information in the public domain regarding these companies, but some of those with lower revenues are mainly focused on legal tech solutions.
Part
02
of two
Part
02

Legal Technology Companies - Canada: Part Two

Epiq Global and Olser have the biggest employee sizes at 5,500 and 1,300, respectively. Ross Intelligence, Fastcase, and Blue J Legal all have less than 50 employees. Additional data for each of the companies in rows 2 through 11 has been entered into columns D-F, of the attached spreadsheet.

1. EPIQ GLOBAL

  • Employee Size — 5,500
  • Head Office Address — Two Ravinia Drive, Suite 850, Atlanta, GA 30346, US

2. OLSER

  • Employee Size — 1,300
  • Head Office Address — 100 King Street West, 1 First Canadian Place. Suite 6200, Toronto, Ontario M5X 1B8, CA

3. KIRA SYSTEMS

  • Employee Size — 179
  • Head Office Address 370 King St W, 500, Toronto, Ontario M5V 1J9, CA

4. HIGHQ

  • Employee Size — 350
  • Head Office Address — 55 King William Street, London, EC4R 9AD, GB

5. LUMINANCE

  • Employee Size — 90
  • Head Office Address — 1-3 Strand, London, London WC2N 5EJ, GB

6. ROSS INTELLIGENCE

  • Employee Size — 36
  • Head Office Address — 650 California St, San Francisco, California 94108, US

7. CLIO

  • Employee Size — 446
  • Head Office Address — Suite 300, 4611 Canada Way, Burnaby, BC V5G 4X3, CA

8. LEX MACHINA

  • Employee Size — 80
  • Head Office Address — 1010 Doyle Street, Suite 200, Menlo Park, CA 94025

9. FASTCASE

  • Employee Size — 42
  • Head Office Address — 711 D Street, NW, Suite 200, Washington, D.C. 20004, US

10. BLUE J LEGAL

  • Employee Size — 30
  • Head Office Address — 325 Front Street West, 4th Floor, Toronto, Ontario CA

RESEARCH STRATEGY

The research team took a straight forward approach to find most of the needed information on the companies listed in rows 2 through 11 of the attached spreadsheet. Information on head office addresses was readily available in most of the companies' websites. In a few instances, such as in the case of Ross Intelligence and Fastcase, we had to use their LinkedIn profiles to find head office addresses.

While some companies such as Epiq Global and Olser provided the number of employees on their websites, others like Luminance and Clio did not have the same on their websites. As such, we tried to locate their annual reports and financial statements to find information on employees, but that did not work. Eventually, we decided to use third-party sites such as Craft and Zoom Info, which compile the profiles of various companies in their databases. We were able to find all the needed information and populated corresponding spreadsheet cells with the same.
Sources
Sources