Legaltech Hub contents/AUSTRALIA’S LAWPATH LANDS $10M INVESTMENT, ACCELERATES GROWTH OF AI FOR SMES

Australia’s Lawpath Lands $10M Investment, Accelerates Growth of AI for SMEs

Published on 2025-02-04 byStephanie Wilkins

The surge in legal tech funding we saw in 2024 has continued strong in the new year, with companies in the U.S. and Europe already announcing significant raises. Now, the funding trend continues to expand its global reach, this time with news out of Australia.

On Tuesday, Lawpath, the Sydney-based legal and business services platform, announced that it has secured an AU$10M (USD $6.25 million) strategic investment round led by Westpac Bank, Australia’s oldest bank and company. Along with the investment comes an exclusive partnership between Lawpath and Westpac, aimed at “democratising legal and business services for startups and SMEs [small and medium-sized enterprises] across Australia” by accelerating Lawpath’s development of its legal and compliance tools, according to the press release.

"Our ambition is to make the law more accessible to small businesses and support them with a broad range of services to help them thrive. This partnership with Westpac marks a significant milestone in our mission to revolutionise how businesses access legal and professional services," Lawpath CEO Dominic Woolrych said in the release.

Growing AI Capabilities to Help Small Businesses

A decade after its company launch in 2014, Lawpath has been building Lawpath AI, a global legal AI system focused on SMEs, in partnership with LLM developer Anthropic and Amazon Web Services. The proprietary AI system has been trained on over 36 million data points, including case law, legislation, and legal contracts to date. Added to that training data were anonymous interactions with the over 500,000 businesses Lawpath serves across Australia – a new client-count milestone recently achieved by the company.

Since its launch in 2023, Lawpath AI has reportedly delivered more than 433,00 legal insights and fielding almost 5,000 legal inquiries a day. The release estimates that Lawpath AI now handles 30% of the tasks previously completed by human lawyers, while intelligent automation is responsible for a 25% reduction in customer support response times.

The Lawpath platform houses a large library of customizable legal document templates in areas including business formation, employment, contracts, and intellectual property. It also features an online platform that allows users to compare and hire lawyers on a fixed-fee basis.

Additionally, Lawpath offers an online company registration service for new Australian businesses. According to the release, Lawpath’s software is now used to incorporate 7% of all business in Australia.

About the AuthorView Profile

Stephanie Wilkins

Director of Content Legaltech Hub

Stephanie Wilkins is the Director of Content at Legaltech Hub, where she helps lead the company in building out its editorial content and thought leadership strategy. Previously, she was the Editor-in-Chief of Legal Technology and Legaltech News at ALM, where she served as a guide for the entire ALM newsroom in tackling the intersection of law, technology, and AI. Less than a year into her role, she was named to the Fastcase 50 class for 2023, an award given to “the law’s smartest, most courageous innovators, techies, visionaries, lawyers, and leaders,” in part for LTN’s work in “the complex realm of artificial intelligence,” noting: “Early in her role as Editor, and before most had even used the technology, Stephanie identified generative AI as an important new frontier in legal technology. She created a special coverage team and created some of the earliest and best reporting on legal AI.” In 2024, Stephanie was the inaugural winner in the Journalism category of the American Legal Technology Awards.

Prior to joining ALM, Stephanie spent the better part of the past decade following the evolution of legal tech. She is also keenly interested in shining a light on the ways legal tech is being used to help the greater good. For nearly a decade, she regularly wrote about legal technology for Above the Law and created content and thought leadership for a wide range of legal tech companies. Before that, Stephanie was a successful litigator in the New York offices of Clyde & Co and Dewey & LeBoeuf (formerly LeBoeuf, Lamb, Greene & MacRae). Her time in Biglaw—for better or for worse—gave her a deep understanding of how legal tech can and should be used in real-life practice and the valuable differences it can make. Stephanie earned her J.D. from NYU School of Law and her B.A. from the University of Notre Dame, where she majored in Psychology, Sociology and Russian.

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