EvenUp

For a long time the legal world—and personal injury law in particular—has been shackled by paperwork, sluggish processes, and unequal access to justice. And for the plaintiffs that were hoping to receive fair compensation, that system of accountability was rarely attainable. Then arrived EvenUp, a legal tech company changing the way law firms run personal injury cases, with the help of AI. 

Founded in 2021 by Rami Karabibar, Raymond Mieszaniec, and Saam Mashhad, EvenUp uses artificial intelligence to turn the personal injury legal space upside down, automating some of the most vital documents, including demand letters, medical summaries, and complaints that attorneys can leverage to build a stronger case and secure fairer settlements. Their innovative Claims Intelligence Platform™ was developed specifically to integrate seamlessly into law firm workflow, allowing for snapshots of a large number of case files and medical records in seconds, saving hundreds of hours of manual work, and ensuring that victims of injury receive the compensation that they are entitled to. One of EvenUp's biggest milestones was the launch of its AI Drafts Suite in 2024, which extended its documentation capabilities from demand letters to include legal complaints, medical chronologies, bill summaries, and negotiation preparation tools. The platform improves efficiency and consistency for personal injury law firms by using real data and outcomes to establish baselines for settlements, motivating its clients to secure optimal results. The software makes legal work easier, more efficient, and less costly. More significantly, the software improves accuracy and fairness in law by relying on millions of medical visits and thousands of historical claims that make up a "legal knowledge graph." 

EvenUp has seen remarkable financial growth over the past 2 years. Based on their 2024 results, an overall $235 million has been raised in funding since the company started, including $135 million in Series D funding led by Bain Capital Ventures, since which the firm has reached over $1.5 billion in valuation. Other top investors include Andreessen Horowitz, Bessemer Venture Partners, Khosla Ventures, SignalFire, and Adjacent VC. The capital has enabled the company to aggressively hire its team and expand platform capabilities. The company has seen increased reach across North America. EvenUp has over 130 employees and has advanced to working with more than 1,000 client personal injury law firms that generate over 1,600 AI created legal documents each week! With its home in San Francisco, the firm is distributed with teams throughout the U.S. and Canada, and recently engaged in pilot programs in Ontario, British Columbia, Texas, and Florida. The company is also launching efforts to expand into Australia and the UK, since their legal systems are closely aligned with North America. EvenUp is not officially in profit yet but operates with gross margins above 70% and is projected to be break-even by mid-2025. It is currently projected to be generating $25–30 million in annual revenue—one of the healthiest businesses in the legal tech space, with the most promise. Much of this success depends on its model of monetization. The firm runs on a flexible subscription-based pricing model targeting law firms with different case loads, documentation needs, etc. Clients pay monthly or annually based on the number of demand packages they generate, access to premium features like the AI Drafts Suite, and the level of integration support. For high volume firms, EvenUp also provides performance-based pricing, whereby fees depend on successful settlement results which creates alignment of incentives with the use of the platform. This hybrid pricing model enables the firm to produce strong recurring revenue while delivering scalable legal solutions, which is attributed to the high-margin SaaS model.

EvenUp competes with other legal tech companies including Spellbook, DoNotPay, Casetext, Lawyaw, and Milyli, but these players only deal with broader contract review, legal research, and consumer rights, while the firm goes much deeper into personal injury law. The combination of specializing exclusively in this domain, along with our model's unique capability in digging into medical records, benchmarking settlements, and automating litigation documents gives us a competitive edge. It's not just about making things faster; it's about making it smarter and equitable.

Moving forward, EvenUp is constructing new solutions for mass tort, employment law, and workers' compensation. The company is investing in multilingual capabilities, devoting more time into integrating with case management software, and using natural language generation technologies to improve document accuracy and accessibility. EvenUp CEO, Rami Karabibar, epitomized the company's mission statement when he said, "EvenUp is here to make sure justice isn't ruled by resources, but by fairness and facts. We are using AI to ensure every injury victim has the right to fight." As the legal profession appreciates embracing artificial intelligence and automation, the firm is leading the charge. EvenUp receives substantial financing with a billion-dollar valuation, we have user growth at record levels, we are driven by a mission rooted in equity and empowerment, and we are not just another legal-tech tool  - EvenUp is redesigning how we can access and receive justice in the modern age.

Click here to access EvenUp's website.