Purpose Legal
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Purpose Legal - overview
Established
2007
Location
Dallas, TX, US
Primary Industry
Business Support Services
About
Based in Texas, the US, founded in 2007 and chaired by Candice Hunter Corby as CEO, Cobra Legal Solutions, LLC, trading under the name Purpose Legal, provides legal support services for corporate legal departments and firms. The company operates with over 100 employees across Texas with an additional office in Chennai, India. In 2021, Blue Sage Capital invested in Cobra Legal Solutions, LLC. The company’s services include document review for contracts and leases and access to attorneys and resources for data organization to complex contract drafting and regulatory filing management.
The company’s platform Legalintel assists in legal research that displays cybersecurity requirements across 50 states and global jurisdictions. Additionally, Cobra also provides full contract management service, technology services (CobrATX), database services, technology integrations, data migration and data consulting services. Cobra works with corporate legal departments and firms to provide legal support services that include eDiscovery technology services, eDiscovery managed review, as well as CobraPulse® that delivers real-time metrics and multi-system integration in a centralized dashboard. As part of the transaction with Blue Sage Capital, Cobra Legal Solutions, LLC plans to accelerate its service offerings and provide greater capacity to its clients.
Current Investors
Blue Sage Capital
Primary Industry
Business Support Services
Sub Industries
Corporate Law, Legal Software, Application Integration Software, Analytics & Performance Software
Website
www.purposelegal.io
Verticals
Artificial Intelligence, Cloud Computing, RegTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Purpose Legal - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Hire Counsel | - | ||||||||
| Growth | Completed | Purpose Legal | - |
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